Jobless Claims Print Better Than Expected | ZeroHedge

Jobless Claims Print Better Than Expected | ZeroHedge

From: zerohedge

Jobless Claims Print Better Than Expected | ZeroHedge

Following this morning’s better than expected ADP print (and a 129% YoY rise n job cuts reported by Challenger Grey), all eyes are on the claims data for any hints of what is to come in tomorrow’s payrolls data. The number of Americans filing for first time unemployment claims rose by 205k last week (less than the 225k expected). That pushes the smoothed 4-wk average to its lowest (best labor market) since October. Continuing jobless claims dipped very modestly back below 1.7mm (1.694mm)…

Kentucky, Texas, and Illinois saw the largest drop in initial claims while New Jersey, New York, an Michigan saw the largest rise last week…

On an unadjusted basis, initial jobless claims rose last week…

As financial conditions have tightened, US labor market indicators have printed significantly better than expected…

None of this is good news for The Fed… or those hoping for a ‘pivot’ or ‘pause’ anytime soon.


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

RISK DISCLAIMER AND DISCLOSURE - -The risk of loss in trading foreign exchange markets (FOREX), futures, Crypto, options and stocks can be substantial. You should therefore carefully consider whether such trading is suitable for you given your financial condition. Currency Central does not control and cannot vouch for the accuracy or completeness of any information or advice you may receive from any other person not employed by Currency Central regarding trading or your account. The factual information contained herein is believed to be reliable but may not be comprehensive and may not be appropriate for your financial condition we make warranties of accuracy or timeliness.  Trading in the FOREX, Crypto, or other financial markets involves substantial risk and is not for all investors and should only be done with risk capital that you can afford to lose and which if lost, would not change or adversely affect your lifestyle. The high degree of leverage that is often possible in trading of financial instruments may work for you as well as against you.  Managed accounts can be subject to substantial fees and charges and may exceed the minimum available from other sources.

This brief statement cannot disclose all of the risks and other significant aspects of trading in financial instruments.  Therefore, you should carefully review your account documents and the disclosures provided to you to determine whether such trading is appropriate for you in light of your particular financial condition. There are also risks associated with utilizing an internet-based deal execution system software application, and computerized trading and money management tools including, but not limited to, the failure of the hardware and software. 

PAST PERFORMANCE DOES NOT NECESSARILY GUARANTEE FUTURE RESULTS, nor does it guarantee against loss. Currency Central recommends that before making a decision you collect additional information and opinions from independent sources.

Currency Central Holdings, Inc. is our holding company, and does not provide financial advice of any kind, including investment advice, tax advice, financial planning, or brokerage services. If you are considering investing you should consult with your registered financial advisor.  Software is offered ‘as is’ there are no indications of how the software may or may not perform in the future.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Copyright © 2022 Inc

NFA ID: 0543401 Inc

%d bloggers like this: