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Initial claims and the fiscal cliff update
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Initial claims and the fiscal cliff update

Edward Harrison
Aug 20, 2020
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Quick post here on jobless claims

I want to lead with what I wrote yesterday:

In terms of real-time data, initial jobless claims are where the rubber hits the road. They are declining but elevated. A steady-state post-recessionary economy is associated with maybe 400,000 initial claims, about half today's levels. If we don't get down to that level quickly…

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