Winter storms have been playing havoc on jobless claims since the beginning of the year. But now there’s a new factor driving jobless claims higher — and that’s the layoff of federal employees as part of Trump’s effort to optimize the government. Here’s what I expect to happen as that trickle turns into a flood (click below to watch my video, then scroll down for more details & insights from Matt Clark):
Read MoreWelcome to your Thursday edition of Andrew Zatlin’s Superforecast Trader! The jobless numbers came in this morning, and, as I expected, the change in claims for the week ending March 8 was nominal. I anticipated a very small change in the weekly claims, and that’s exactly what we got.
Read MoreJobless claims are on the rise over the past few weeks — but not for the reason you might be expecting. I’m also tracking an unexpected hiring spike, in Washington D.C. of all places. Check out your weekly Superforecast Trader video update below, then scroll down for some deeper analysis from Matt Clark:
Read MoreWelcome to your Thursday edition of Andrew Zatlin’s Superforecast Trader. The numbers are in, and jobless claims came in higher than the week before — just as I thought they would… Applications jumped 22,000 to 242,000 last week — marking the highest level of initial weekly claims since October:
Read MoreThe labor market’s running remarkably steady, but there’s one thing I’m worried about headed into the upcoming summer months. Details in my video below:
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