Initial claims fell this week to 388,000--still elevated, but certainly an improvement. Below is a time series of initial claims (4wk moving average) since 2000. Today's level is still consistent with the levels seen in the 2000 recession.
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For compliance reasons, I don't post comments to the site, but I do like hearing from readers and am happy to answer any questions. Feel free to use the comment box to get in touch. Please leave an email address in your comment so that I can write back, or email me directly at Skrisiloff@avondaleam.com.