CHART OF THE DAY: Why Jobless Claims Imply Just Six More Months Of Economic Expansion

CHART OF THE DAY: Why Jobless Claims Imply Just Six More Months Of Economic Expansion - 01.27.16 EL Chart

Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye Director of Research Daryl Jones. Click here to learn more. 

"... That said, one of the most focused on lagging indicators -- employment -- still appears strong. But as the Chart of the Day highlights, employment is very long in the tooth. Not only have jobless claims bottomed (meaning employment is worsening on the margin) the current length of time at/below the critical threshold of 300K jobless claims would imply only six more months of economic expansion."