Jobless claims of 275,000 are the weakest since June 11th, 2016. Jobless claims predict non-farm payrolls ("NFP") which is the key Fed economic indicator. A slowing economy is not what you want knee-deep in a rate hike. This should be a risk to markets (NYSEARCA:SPY).
Jobless Claims Show Economic Weakness
Source: Trading Economics
Jobless claims continue their steady ascent. This report is the highest jobless claims report since June of this year. Higher numbers imply a slower economy.
Kelley Kronenberg is proud to announce that firm Partner Jeffrey M. Wank has been elected Secretary of the Florida’s
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