Income Investing
News, analysis and commentary on income-generating investments.
By Amey Stone
Jobless claims rose by more than expected in the latest report and were revised higher from the last report. But economists weren’t ready to call this a reversal from the positive trends of the past few years.
Filings for first-time claims rose 22,000 to 259,000 in the week ended January 21, according to the government’s latest report (pdf.) released Thursday morning. Economists expected claims to rise to 250,000. The prior week was revised up by 3,000 filings to 237,000.
Peter Boockvar of The Lindsey Group summed up:
The holidays have messed around with the seasonal adjustments so let’s smooth it out. The 4 week average is 246k, the lowest since 1973 vs 248k last week. Continuing claims, delayed by a week, rose by 41k and seems to have bottomed out back in November.
Bottom line, there was noise around the new year holiday and MLK but I’m sure the optimism around Trump’s new policy is certainly having a positive impact in that employer’s are now even more inclined to hold onto their employees in light of the tight availability of people willing to work and hopes for faster economic growth.
Jobless claims rose less than expected last week.
News, analysis and commentary on income-generating investments.
- January 26, 2017, 9:31 A.M. ET
By Amey Stone
Jobless claims rose by more than expected in the latest report and were revised higher from the last report. But economists weren’t ready to call this a reversal from the positive trends of the past few years.
Filings for first-time claims rose 22,000 to 259,000 in the week ended January 21, according to the government’s latest report (pdf.) released Thursday morning. Economists expected claims to rise to 250,000. The prior week was revised up by 3,000 filings to 237,000.
Peter Boockvar of The Lindsey Group summed up:
The holidays have messed around with the seasonal adjustments so let’s smooth it out. The 4 week average is 246k, the lowest since 1973 vs 248k last week. Continuing claims, delayed by a week, rose by 41k and seems to have bottomed out back in November.
Bottom line, there was noise around the new year holiday and MLK but I’m sure the optimism around Trump’s new policy is certainly having a positive impact in that employer’s are now even more inclined to hold onto their employees in light of the tight availability of people willing to work and hopes for faster economic growth.
Jobless claims rose less than expected last week.