FYI: Jobless claims failed to live up to their recent reputation as a bright spot on the economic calendar once again this week. While economists were expecting first time claims to come in 295K, the actual level came in 25K higher at 320K. This was the second straight week that claims exceeded forecasts by more than 20K, which hasn’t happened since December 2013. With those back to back increases, we have also seen jobless claims rise by more than 40K over the last month, which hasn’t happened since October of 2013. Based solely on claims, there are some signs of softness in the labor market
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/jobless-claims-higher-than-expected-for-the-second-week-in-a-row/
