Nice beats in new and continuing claims, once again bringing the implied unemployment rate to a new post-pandemic low. Over the holiday week personal mobility fell, but air traffic made a new recovery high, and discount and department store sales rose to new year-on-year highs. Boom on!
High-Freq Data Monitor
High-Freq Data Monitor
Wednesday, November 24, 2021
The high-frequency data continue to look good. Nationally, restaurant seatings are basically back to their prepandemic levels. Initial claims beat strongly, but continuing claims missed a bit -- together, they drove the implied unemployment rate to a new post-pandemic low.
High-Freq Data Monitor
Thursday, November 18, 2021
The high-frequency data continues to look better, including a sharp new low in claims-implied unemployment -- even as Covid cases gently rise in the US.
High-Freq Data Monitor
Wednesday, November 10, 2021
Claims miss a bit -- but expectations aside, the improvement was enough to eke out yet another new low in the claims-implied unemployment rate.
High-Freq Data Monitor
Thursday, November 4, 2021
In claims, the beats go on. The implied unemployment rate is now 1.8%, just 0.65% from the pre-pandemic lows.
High-Freq Data Monitor
Thursday, October 28, 2021
GDP was a bummer, but that's the deep past at this point. Right here, right now, initial and continuing claims beat, moving the implied unemployment rate below 2% -- a new recovery low.
High-Freq Data Monitor
Thursday, October 21, 2021
The economy is re-accelerating as the beats go on in jobless claims, lowering the implied unemployment rate to a new low at 2%.
High-Freq Data Monitor
Thursday, October 14, 2021
Wow. Nice beats in initial and continuing claims, both at new lows. That takes the implied unemployment rate to new lows, too, now just 1% above the pre-pandemic level.
High-Freq Data Monitor
Thursday, October 7, 2021
Maybe Q3-21 ended on an up-note. Nice beats in initial and continuing claims, and the implied unemployment rate falls to a new recovery low!
High-Freq Data Monitor
Thursday, September 30, 2021
Slight misses in initial and continuing claims, hiking the implied unemployment rate by a mere 1 bp. The rest of the high-frequency data is frozen at gratifying levels -- but frozen doesn't equal growth. Let's get the Delta scare behind us and get on with reopening the economy.