menu search

Us jobless claims data on Thursday is worse than it appears

Us jobless claims data on Thursday is worse than it appears
Greg posted the data Thursday:US initial jobless claims 264K versus 245K estimateJP Morgan is eyeing the data as moving into recession territory. JPM says the jobless claims reading "hints at potentially more abrupt slowing.""While the claims series can always be volatile from week to week, there are no obvious distortions to today's number," "Business labor demand has been gradually cooling and today's initial claims reading hints at potentially a more abrupt slowing."If sustained for the month... Read More
Posted: May 12 2023, 02:07
Author Name: forexlive
Views: 081729

Search within

Pages Search Results: