Jobless claims continue to trend down within relevant descending range.
Currently reached a cyclical low, last seen in 2000 and 2006.
Thus the short term unemployment indicator shows that on one hand, situation is improving, but on the other hand it will be difficult to trade lower - and a cyclical upturn in Jobless Claims could be in the cards.
Currently reached a cyclical low, last seen in 2000 and 2006.
Thus the short term unemployment indicator shows that on one hand, situation is improving, but on the other hand it will be difficult to trade lower - and a cyclical upturn in Jobless Claims could be in the cards.