Since the beginning of 2014, Initial jobless claims and Challenger Job Cuts have decoupled as the former “trended” in its seasonally adjusted manner while the latter appeared to reflect a different reality. That all changed in October last year as the trend in claims began to turn. Last week’s jump to 285k dragged the less noisy 4-week average to 285k – the highest since March 2015 as initial claims begin to catch up to Challenger Job Cuts…
Continuing Claims’ rising trend is still in place with the 4-week average at its highest since September.
Charts: Bloomberg
via Zero Hedge http://ift.tt/1S2xE59 Tyler Durden