On the chart is the 4-week average of jobless claims. Prior to the past three recessions in 2007, 2001 and 1991, the jobless claims average was near the current levels.
Cyclically, Jobless claims is probably much closer to rising then falling. As we approach the 7th year since exiting the last recession, the average of jobless claims is at the bottom of its range for the past 40 years.
In the bottom of the chart, I applied a 2-standard deviation Bollinger bands to spot potential extremes in the average.
For more.. Three Economic Indicators warn of a Recession
Regards,
Technician
Cyclically, Jobless claims is probably much closer to rising then falling. As we approach the 7th year since exiting the last recession, the average of jobless claims is at the bottom of its range for the past 40 years.
In the bottom of the chart, I applied a 2-standard deviation Bollinger bands to spot potential extremes in the average.
For more.. Three Economic Indicators warn of a Recession
Regards,
Technician