Thursday, December 22, 2016

Jobless Claims Market Negative

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Jobless claims reported this morning of 275,000 are the slowest in almost half a year.

Non-farm payrolls for the month of December will most likely slow from November. That comes right after a rate hike.

December 2015's rate hike was followed by slower non-farm payrolls. This rate hike comes in the midst of jobs starting at a much lower level than last year.

This should be a risk to markets as investors worry about growth.

Jobless claims of 275,000 is the slowest since June 11th, 2016. Jobless claims predicts non-farm payrolls ("NFP") which is the key Fed economic indicator. A slowing economy is not what you want knee-deep in a rate hike. This should be a risk to markets (NYSEARCA:SPY).
Jobless Claims Show Economic Weakness.
Source: Trading Economics

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