The US finally received some positive economic news after what has been a disappointing week

Jay Soloff

Argonath Financial

The US finally received some positive economic news after what has been a disappointing week. Jobless claims fell 26,000 to 323,000 last week, with the year-over-year change in claims showing a decline once again (after barely ticking higher in the previous week). The most important part of the news is it supports the prevailing theory that poor weather hurt the labor market more than anything. If that's the case, then several key economic reports should show improvement in the coming weeks. Since initial jobless claims tends to be a forward looking indicator, it's a very good sign that warmer weather will bring with it a healthy does of positive economic data. US businesses must surely be thankful that spring is around the corner. (VIEW LINK)

3 topics

Jay Soloff
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...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment