Wednesday, December 7, 2016

The Most Important Jobless Claims Report Of The Year Comes Tomorrow

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Jobless claims will be the last significant read on jobs before the Fed decision next Wednesday.

If last week's jump in jobless claims repeats markets have a problem.

The Fed will likely not pass on a rate hike for higher jobless claims but it's a real-time indicator that has the risk to confuse markets.

Jobless claims report tomorrow morning. Last week reported its weakest economic read in almost six months. That is just ahead of a rate decision that should see the second rate hike in a decade. A weaker economic signal is a stock market negative.
Jobless Claims Slowed Last Week
Source: Trading Economics
Last week jobless claims showed the economy slowed from the previous weekly reports. It was the slowest economic read in the data series since June.
With the Fed gearing up to hike rates this report tomorrow could cause markets to question the need for a rate hike.

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