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Initial Jobless Claims This Morning... Not Good

Initial Jobless Claims just measures the number of people who filed for unemployment for the FIRST TIME in the past week. All economic data that has been coming out has essentially shown that chances of a recession have increased.

Today's Initial Jobless Claims Numbers came out at 8:30 AM EST:

Forecast: 200k

Actual: 228K

Generally, when the actual comes in higher than expected, it is bearish.

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