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.

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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

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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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