Every single recession the U.S. encountered in the underlying period was preceded by a rise in jobless claims. The chart above draws the quarterly jobless claims. The shaded areas are the periods of recession.
The quarters that the U.S. officially got into recession in all cases were preceded by multiple quarters of rising jobless claims, and in most cases these rises are consecutive.
For example, ahead of the 2008 great recession, jobless claims increased for three consecutive quarters.
2001 recession was preceded by 5 quarters of rising claims( latest 3 were consecutive)
1990-1991 recession was preceded by 8 quarters of rising claims (latest 3 were consecutive)
the earlier recession have also had the same pattern.
Before any recession, we had a minimum of three quarters of rising jobless claims and in one case we had 8 quarters.
Having that in mind, it is highly unlikely that the U.S. will encounter an official recession soon(before 2019).
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