Jump in initial claims to 965,000
Edward Harrison | Jan 14 | 2 |
Jobless claims data around the holiday season is 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.
The seasonally adjusted 965,000 figure was well …