High-Frequency Post-Virus Recovery - 2022-02-16
Date:
Thursday, February 17, 2022
Summary:
A big miss in new claims moves the implied unemployment rate up somewhat. But nowadays that week-lagged series isn't high-frequency enough. A better indicator of the end of the Omicron micro-recession is the huge resurgence in restaurant seatings -- 20 of 40 reporting states are above pre-pandemic levels.