Horrible continuing claims data speak to decelerating job growth

Real quick here.

I saw the jobless claims data today and thought they looked pretty good. But, I decided to go back to my 2008-2009 practice of sifting through the raw data for both initial claims and continuing claims. The numbers weren't nearly as good. And, continuing claims look downright ugly.

The missing jobs data dive

Here's the chart I want to focu…