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Rail Traffic and Jobless Claims Point to Continued Economic Stability

Just a quick update here on some macro indicators.

The latest trend in jobless claims continues to point to more of the same with a steady trend lower in claims which means marginal improvement in the employment picture.  This has been and continues to be one of the best real-time macro indicators we see with regularity.


More of the same in rail trends as well with the 12 week moving average in traffic coming in at 4.3%.  That’s down marginally from recent readings, but still solidly positive.  Overall, these trends don’t point to big changes in the broader macro trend in the economy….