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Check out this chart of the recent history of Jobless Claims

 Featured Chart for Thursday, August 25th, by Mortgage Broker West Palm Beach

 

Today's Initial Jobless Claims report showed an increase in the number of new unemployment claims last week. As a result, the report came in worse than expected and above the key 400,000 line. Overall, this leading indicator on the labor market shows that things remain weak.
 

The chart below shows the weekly initial jobless claims since the beginning of 2011 on a seasonally adjusted basis