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

Jobs Report Preview: Initial Claims = 383k

5/31/2012

 
Kevin Spires, CFA, FRM

The last report this month that I can use to estimate payroll growth is the Weekly Initial Jobless Claims report.  Weekly Claims are not very useful in predicting the monthly number of new Jobs created in the economy - at least not as useful as other indicators - but, initial claims are better are predicting turning points.  For now, Claims are not predicting an imminent turn in the economy.

Picture
 Initial Claims were 383k last week, with a four week moving average of 374.5k.  Based on this data, I would expect the monthly jobs report to show a gain of 100-150k total jobs.

Given an ADP report showing 133k private sector jobs added in May, I am adjusting my expectations for the Jobs Report.  I am now expecting 150k new jobs to be reported for May - with a fairly high level of uncertainty.


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::