Weekly Jobless claims jumped by 34,000
The weekly jobless claims jumped by 34,000 to 406,000 last week. The numbers match a three-year high. And next Friday we get the jobs report with the BLS adjustment. Let's wait and see if that is another bomb for the labor markets.
Expect the labor markets to remain weaker. And you can forget about the fed tightening. We already know they talk hawkish and act dovish. Now with the job reports, there is no way they are going to be raising the rates.
No comments:
Post a Comment