It's The Economy Stupid: Jobless Claims

Let’s just say what it is.  Bad.  It’s bad Jobless numbers.  Initial Jobless Claims were worse than expected.  Continuing Claims were worse than expected.  The prior period Initial Jobless Claims numbers were revised upward.  The prior period Continuing Claims numbers were revised upward. 

 

Economic Event	Period	Economic Survey	Actual Reported	Original Prior	Revised Prior
Initial Jobless Claims	APR 21	375K	388K	386K	389K
Continuing Claims	APR 14	3293K	3315K	3297K	3312K

 

So, to sum this up.  The current period Jobless numbers were bad and the previous period Jobless numbers were revised bader.

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury