Where Have Continuing Claims Gone?

An acceptable level of unemployment means that the government economist to whom it is acceptable still has a job the labor market is in bad shape

Here’s yet another look into the really-not-okay state of the US labor market. This time, the focus is on jobless claims’ close cousin – continuing claims. In recent times, continuing claims have snatched the limelight from its more famous cousin, simply because they have started to fall, even as initial claims remain elevated.

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