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JEPI - Jobless Claims Continue To Show A Sideways To An Upward Trend
JPMorgan Equity Premium Income
New jobless claims declined this week, but are still significantly above their recent pandemic lows, while continuing claims, seasonally adjusted, made a new pandemic low.
The downward trend in claims has clearly ended for now, although whether the current trend is sideways or upward remains unclear.
Both initial and continued claims remain at or above their worst levels from the Great Recession.