BELLAIRE CAPITAL MANAGEMENT, LLC
  • Home
  • About Us
    • Company News
    • Our Team
  • Services
    • Financial Planning >
      • Stage 1: Early Adult Planning
      • Stage 2: Planning as An Adult
      • Stage 3: Pre-Retirement Planning
      • Stage 4: Post-Retirement Planning
    • Small Business Planning >
      • Small Business Continuity Planning
    • Investment Strategies >
      • Saving For Retirement
  • Kevin's Corner
    • Investing Wisely Series...
    • Planning Wisely Series
  • Market Viewpoints Blog
    • ReCalc Blog
    • Register for Updates
  • Contact Us
  • Events

Initial Jobless claims drop by 26k to 350k

7/12/2012

 
Kevin Spires, CFA, FRM
Picture
In the chart to the left, one can see how today's Initial Jobless Claims release of 350k is a new cycle low.  Down 26k from last week's 376k, the low number is being blamed on seasonal adjustment issues.  Auto plant and textile plant shutdowns that normally take place in July and result in layoffs are lower than usual.

Year over year, claims are down 14.63%, and the four week moving average is down 10.53% year over year.  The jobless claims data is not consistent with an economy growing 1.5%

The seasonal adjustment issues have been well publicized, but the overall trend has clearly been down, as the claims number has made lower highs and lower lows over the past 3 years. 


Comments are closed.
    Contact Us

    RSS Feed

    Archives

    March 2017
    May 2016
    December 2015
    March 2014
    February 2014
    December 2012
    October 2012
    August 2012
    July 2012
    June 2012
    May 2012
    April 2012
    March 2012

    Categories

    All
    2012 Election
    2016 Election
    Bank Credit
    Consumer Credit
    Corporate Profits
    Economic Outlook
    Employment
    European Debt Crisis
    Fed Balance Sheet
    Fed Watch
    Housing
    Leaders
    Liquidity
    Manufacturing
    Money Supply
    Stock Market Technicals

Contact Us
​All rights reserved by Bellaire Capital Management, LLC
​​LegalPrivacy PolicyDisclaimer
Live Chat Support ×

Connecting

You: ::content::
::agent_name:: ::content::
::content::
::content::