Jobless 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:
Read MoreWelcome to the Thursday edition of Andrew Zatlin’s Superforecast Trader. Well, the numbers are in … and just as I suspected, there was a slight jump in initial claims for the week ending February 1. Initial claims moved 11,000 higher for the week to 219,000, which was above Bloomberg’s survey estimates, but very close to my own:
Read MoreLast week’s winter storms slowed down jobless claims more than anyone expected… But this week, the snow & ice are melting, and we’re going to see a short-term bump in jobless numbers (even though the economy is running strong):
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