Ian Shepherdson Quotes
Claims are a good leading indicator of the unemployment rate; these data suggest the rate will be nudging 4% by mid-summer. 
Tweet
Claims | Good | Leading | Indicator | Unemployment |
comments powered by Disqus
The bottom line is that a one-month decline in this measure does not reverse the clear, firm upward trend.
- Ian Shepherdson
There's no question that these numbers have been persistently disappointing in recent weeks... It's not that layoffs are accelerating again -- we think the underlying trend [of claims] is stable at about 390,000 -- it is that we expected clearer signs of an outright decline [in the number of claims].
- Ian Shepherdson