The US capped off another strong week of economic news with a hefty drop in jobless claims
Jay Soloff
Argonath Financial
The US capped off another strong week of economic news with a hefty drop in jobless claims. Initial claims fell 14,000 from a week ago to a total of 298,000. The important four-week average is right around 300,000, with the trend clearly headed downward. Moreover, last week's number decreased almost 12% from the same period last year. There's little doubt hiring has picked up this year, with job numbers finally approaching pre-recession lows. Given the strong jobs and housing numbers this week, along with the continued lack of inflation, it appears (once again) the US economy is in no danger of reversing its growth. (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market maker on the floor of the CBOE, as a consultant on Wall Street, and as a senior analyst at a multi-strategy hedge fund. You can visit my website at www.argonathfinancial.com.
Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment