U.S. ECO PREVIEW: Jobless Claims Due in 5 Minutes
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Initial jobless claims seen at 253k in week ended Nov. 26 vs 251k prior week (forecast range 245k to 265k); represents inflow of workers receiving benefits.
Alert: HALISTER1- Claims have been below 300k for 90 weeks in row, longest stretch since 1970
- “With jobless claims running at multi-decade lows, labor slack continues to diminish": Bloomberg Intelligence
- Even so, mid-to-late cycle claims less useful as predictor of payroll growth; ‘‘barring a sharp and sustained increase in jobless claims, forecasters will need to look elsewhere": BI
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283