Lots of Arm Waving About Jobless Claims

The trend in jobless claims has little if any influence on global capital flows. A lot of arm waving for nothing. Wake me up when the cycle is over.

Average Weekly Initial Claims State Unemployment (AWIC) And YOY Change


Headline: Jobless claims drop to 2-1/2 year low

New U.S. claims for unemployment benefits dropped more than expected last week to touch their lowest point in 2-1/2 years, a government report showed on Thursday, offering assurance that the labor market was strengthening despite January's poor jobs numbers.

Initial claims for state unemployment benefits fell 36,000 to a seasonally adjusted 383,000, the lowest since early July 2008, the Labor Department said.

Economists polled by Reuters had forecast claims slipping to 410,000. The prior week's figure was revised up to 419,000, from the previously reported 415,000.

Source: finance.yahoo.com