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Chart of the day: Continuing Claims

The U.S. Department of Labor just released the weekly report for unemployment insurance claims. Initial claims were 384,000, while continuing claims rose to 3.139 million. The 4-week average moved up to 3,099,250. This is 593,000 more than one year ago. Below is the chart for the last two years of continuing claims.


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About 

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. Edward also writes a premium financial newsletter. Sign up here for a free trial.