In the graph below you can see that the over all trend of the 4 week moving average of claims is still down.
Near term the 400,000 and 440,000 areas are what to watch.
The market tends to discount bad news well in advance. The nervous norvis contingent continues to try and sell the market. They are getting waxed.
Source(s): U.S. Department of Labor: Employment and Training Administration
Release: Unemployment Insurance Weekly Claims Report
Units: Number
Frequency: Weekly, End of Period
Seasonal
Adjustment: Seasonally Adjusted
Original content Bob DeMarco, Look Beyond the Obvious
