{"id":200468,"date":"2021-04-01T21:26:00","date_gmt":"2021-04-02T02:26:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2021\/04\/01\/and-back-up-again\/"},"modified":"2021-04-01T21:26:00","modified_gmt":"2021-04-02T02:26:00","slug":"and-back-up-again","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2021\/04\/01\/and-back-up-again\/","title":{"rendered":"And Back Up Again"},"content":{"rendered":"<p><a href=\"https:\/\/www.wsj.com\/articles\/weekly-jobless-claims-coronavirus-04-01-2021-11617231725?mod=hp_major_pos1#cxrecs_s\">U.S. initial unemployment claims rose by 61,000 to 719,000 last week<\/a>, which means \u2026\u2026\u2026 Hell, I don&#8217;t know.<\/p>\n<p>The 4 week average fell though.<\/p>\n<p>The weekly average for the before times was a little bit over 200K:<\/p>\n<blockquote><p><span style=\"color: #2b00fe;\">Filings for unemployment benefits rose last week but remained near their lowest levels since the pandemic\u2019s onset, amid signs of a broader U.S. economic recovery. <\/p>\n<p>Workers filed <a href=\"https:\/\/www.dol.gov\/ui\/data.pdf\">719,000 initial jobless claims<\/a>, on a seasonally adjusted basis, in the week ended March 27, the Labor Department said Thursday. The increase followed a downward revision to 658,000 initial claims the prior week, the lowest point since the pandemic hit in March 2020. <\/p>\n<p>The four-week moving average, which smooths out volatility in the numbers, fell to 719,000, also a low during the pandemic. <\/span><\/p><\/blockquote>\n<p>I&#8217;m not sure what it all means in terms of trends, but until the weekly number drops below 300K, I would not take my foot off of the gas pedal. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. initial unemployment claims rose by 61,000 to 719,000 last week, which means \u2026\u2026\u2026 Hell, I don&#8217;t know. The 4 week average fell though. The weekly average for the before times was a little bit over 200K: Filings for unemployment benefits rose last week but remained near their lowest levels since the pandemic\u2019s onset, amid &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[975,992],"tags":[],"class_list":["post-200468","post","type-post","status-publish","format-standard","hentry","category-employment","category-statistics"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/200468"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=200468"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/200468\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=200468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=200468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=200468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}