Home » Economy » Another strong reading on weekly jobless claims

Another strong reading on weekly jobless claims

On Thursday, the 4-week moving average of weekly jobless claims reached the lowest level since April 2008. The US labor market continues to show sign of thawing.

[singlepic id=38 w=400 h=300 float=]

If this trend continues, consumer confidence is likely to bounce back. Then the US will be on the track of a virtuous cycle: business investment will follow, so will bank lending.  We need to wait for more data in coming weeks to confirm such trend.


Leave a comment

Your email address will not be published. Required fields are marked *