Will Low Quality Lose Again? – Investment Watch
th, initial claims fell to 712,000 which was 13,000 below estimates. As you can see from the chart below, non-seasonally adjusted claims were down from 757,000 to 709,000 which is the lowest reading of the cycle. It should continue making new lows in the next few months. This decline was counteracted by the massive spike in PUA claims from 436,000 to 478,000. That’s the 2 nd highest reading since early October. However, this increase was due in part to a 16,000 rise in Ohio’s PUAs which might not reflect reality. PUA claims surged to 478K, largely on the back of a +16K WoW increase in Oh...
Source: investmentwatchblog.com