High-Frequency Post-Virus Recovery - 2020-07-29

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High-Freq Data and DOGE Monitor
Date: 
Thursday, July 30, 2020
Summary: 

Definitely a little stall in the high-frequency data supporting the V-shaped recovery. New and continuing claims both moved higher, which means the claims-implied unemployment rate moved a little higher too, only the second time since the peak in May.