Continuing Jobless Claims now rising the most since the Great Recession.
This index tracks the unemployment rate with an exceptional 0.97 correlation since 1968!
Keep this in mind.
The labor market holds the key for the business cycle. pic.twitter.com/tScvtwgyOe
— Otavio (Tavi) Costa (@TaviCosta) January 10, 2020
— Lakshman Achuthan (@businesscycle) January 10, 2020