Initial claims for unemployment tick upward, but backward looking numbers don’t capture layoff trend

Initial claims for unemployment tick upward, but backward looking numbers don’t capture layoff trend

Initial claims for unemployment moved up to 218,000 last week . That was the highest level since the week that ended on January 22. And an increase of 21,000 from the revised total of 197,000 the week before. But even though the official report is only a week old, it’s not capturing what seems to be an upward trend in the announcement of layoffs.