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Jump in initial claims to 965,000
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Jump in initial claims to 965,000

Edward Harrison
Jan 14, 2021
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Jobless claims data around the holiday season are marred by lots of seasonality. And so, only in the coming weeks are we likely to get a 'clean' look at what's going on in real time.

The latest report shows a step change that is worrying, with the unadjusted number well over my 1 million bogey for recession.

Jobless Claims 2021-01-14

The seasonally adjusted 965,000 figure was well…

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