The Outlier
Jeroen Blokland | Dec 20, 2019 09:27
Initial jobless claims, a more than decent recession indicator, are flashing orange. Jobless claims last week came in worse than expected, after spiking to their highest level since September 2017 the week before.
While seasonal factors are at play here, the trend in initial jobless claims has been up in recent months. This contrasts with signals from other recession indicators such as the yield curve, building permits and consumer confidence, which do not point to a recession anytime soon. Hence, the development of initial jobless claims is something to keep an eye on, as it is one of the few outliers suggesting a downturn could be near.
Get The App
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.