Mike: As with most Thursdays, the weekly jobless claims number is the big news. Today saw a reduction of claims to 601,000, which is still a very high number, but an improvement from the previous week. The markets seem excited by unemployment remaining above 600,000, but then all news is good news of late. The [...]
Friday brings with it the Employment Situation, which is expected to be a market mover. The consensus estimate ranges from -625,000 to -495,000. Till then……………
Mike: Jobless Claims show a slight drop to 621,000 from a revised upward figure of 625,000 the previous week. Seems that every week we have a jobless claims number that is revised upward, but that’s [...]
Mike: Today proved to be a lighter day for layoff announcements than we’ve become used to of late. No massive job cuts, but still plenty of smaller cuts that add up. My guess of 651,000 layoffs was high, but let’s see what the revised number is next week to see if it is again raised, [...]






