Unemployment Claims Still Show No Evidence Of Double Dip

by: Calafia Beach Pundit

Not much news on the unemployment claims front, except that the series continues to show no evidence at all of the economy being on the cusp of, or entering, another recession. On a seasonally adjusted basis (top chart), claims remain near the low end of their range so far this year; on an unadjusted basis (bottom chart), claims actually rose by 66K in the latest week, but that was fully anticipated by the seasonal adjustment factors.