Some Actual Good News On Jobs

It’s getting harder and harder to imagine we’re in a recession.

With today’s initial jobless claims report, the closely-watched 4-week moving average of initial claims has fallen to its lowest level since this spring.


Meanwhile, the Citigroup U.S. Economic Surprise Index continues to rally, as the data comes in mostly better than expectations.

Citigroup Economic Surprise Index – United States


Throw it all together, and it’s just getting harder and harder to see a current, or even imminent, recession.

For more, Ryan Avent is thinking along the same lines here >

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