YoY chart is above. No zero crossing yet BUT a good sign that unemployment insurance claims have leveled and are no longer falling.

Month over month chart is below. It’s the longest 3 month period of rising claims in the last 5 years…

When the YoY (year over year) number at the top crosses +20%, it’s a sign that you’re in recession or just on the cusp of it.  SPY falls average 35% in recessions…