Monday, January 2, 2017

Friday's Non-Farm Payrolls Can Catch Market's Off Guard: Bearish

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*Jobless claims predict non-farm payrolls. Weekly jobless claims show a slowing economy.

*Jobs are as important as any market statistic.

*A slowing economy can spook newer investors.

Non-farm payrolls ("NFP") report this Friday. Jobless claims have been showing a weaker economy, which can predict Friday's NFP, adding another risk to markets (NYSEARCA:SPY).
Jobless Claims Predict NFP
We had one more data point since our report that said "NFP Estimates Are Way Off." Jobless claims came in a touch weaker again than last month. Higher jobless claims predict a lower NFP. Here are the recent numbers.
The four-week average of weekly jobless claims swings have predicted the all-important non-farm payrolls numbers. Jobless claims are currently running 4.6% higher in December than we saw in November.
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