Okay, the Initial Jobless Claims were 400K, with is less than economists prediction of 405K, and less than last months revised number of 401K, so that number is headed in a good direction. Perhaps layoffs are tapering off. Which is a good thing for people still employed, but not so much for those who just got a pink slip and had to file that initial jobless claim.
Continuing Jobless Claims were 3730K, a little higher than economists prediction of 3700K, and higher than last months revised number of 3720K, so that number ain’t so great.
Ugh! We get a good number, and then it is accompanied or followed by a bad number. Sounds kind of like my grades in college.
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury