After a dismal start to the year, pushing initial jobless claims to six-month highs, it appears ‘everything is awesome’ again as despite surging layoffs (Challenger, Grey and headline after headline in the press), initial claims tumbled to 262k this week – just above the 43 year lows of last fall. It’s not all ponnies and unicorns of course as continuing claims rise once again to 2.273mm – just shy of the highest levels in 7 months.
Initial claims tumble sback towards 43 years lows…
But continuing claims surge to 7 month highs…
We are sure as long as the Dow keeps falling that the Fed will stay on hold but this “good” data is clearly not helping the dives case.
Charts: Bloomberg
Related Posts
VOXEL, SLP and ALICE rally after protocol updates and a major exchange listing
Mineral Drilling Sector – Another Buying Opportunity In The Making
S&P Creating Topping Pattern Like 2000 & 2007?
What Real Returns Should Bond Investors Expect?
Basel Committee to consider disclosure requirements for banks’ crypto assets- Gold Prices May Continue Higher As German Coalition Crumbles
Leave A Comment