Reply To: Traders Market Weekly: Banker Stories in the Spotlight

#56269
Truman
Participant

Weekly initial jobless claims totaled 228,000 (consensus 203,000) following last week’s upwardly revised count of 246,000 (from 198,000).
Continuing claims came in at 1.823 million following last week’s upwardly revised total of 1.817 million (from 1.689 million).

The key takeaway from the report is that it featured a revision to the seasonal adjustment factor, which resulted in big upward revisions to figures from recent weeks a sizable miss in this week’s report. That said, the higher level of claims will invite some questions about the strength of the labor market after last week’s release of the Job Openings and Labor Turnover survey for February showed a big drop in openings.

  • This reply was modified 1 month, 3 weeks ago by Truman.