- This topic has 4 replies, 3 voices, and was last updated 5 years, 4 months ago by TradersCom.
- 05 Jan '18 at 4:31 pm #14305TradersComKeymaster
[article]482[/article]05 Jan '18 at 7:30 pm #14308Helmholtz WatsonParticipant
Philly Fed Harker Speaking After NFP at annual meeting of the American Economics Association
Sees GDP growth in 2018 a little under 2.5%
Very little slack left in labor market
Expects small rising unemployment rate after this year
Monthly job gains may be 100K by end of 201905 Jan '18 at 7:31 pm #14309Helmholtz WatsonParticipant
More Harker on Inflation
Worries over yield curve inversion inflated; but keeping a watchful eye
Inflation to run a bit above 2% in 2019
Inflation to fall back to 2% target in 2020
Soft inflation persists, may make it 2% target even harder to reach05 Jan '18 at 7:43 pm #14311CautiousInvestorKeymaster
[color=teal][size=5][b]and NO WORRIES for the job market 8)
Media & fake news are emphasizing that it “FELL SHORT” :woohoo:
But there are several openings in NYC, Boston, and surrounding areas this morning 😉 ;)[/b][/size][/color]
11 Jan '18 at 5:47 pm #14414TradersComKeymaster
US initial jobless claims 261K higher-than-expected v 245K expectations
Last week came in at 250K
Continuing claims 1867K versus 1920K estimate
Prior week revised lower in continuing claims to 1902K versus 1914K
The 4-week moving average was 250,750, an increase of 9,000 from the previous week’s unrevised average of 241,750.
The largest increases in initial claims for the week ending December 30 were in New Jersey (+9,507), Pennsylvania (+6,850), Michigan (+5,920), Ohio (+5,773), and Wisconsin (+5,274),
The largest decreases were in California (- 9,876), Kentucky (-5,485), Texas (-4,219), Oklahoma (-1,737), and Florida (-1,528).
Note: Claims taking procedures continue to be disrupted in the Virgin Islands. The claims taking process in Puerto Rico has still not returned to normal.
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