• Pete

Survey Says...

New Claims Consensus 2.500K Actual 2.981K Previous 3.169

Highlights

Initial jobless claims remain at extremely high levels. At 2.981 million in the May 9 week, claims well exceeded Econoday's high forecast for 2.6 million. Nevertheless, compared to the prior week claims did fall 195,000 for their sixth straight decline from a 6.867 million peak in the March 28 week. Over the past eight weeks, 36.5 million Americans have filed initial claims.


Showing more improvement are continuing claims which, in lagging data for the May 2 week, came in at 22.833 million and though this is 456,000 higher than the April 25 week it is by far the smallest increase of the shutdown run. The unemployment rate for insured workers, again in data for the April 25 week, rose 3 tenths to 15.7 percent.


This report points to a vast gully but it is mixed. Job losses are severe but not becoming more severe. No states were estimated in today's report and the Bureau of Labor Statistics made no comments on the quality of the data.

CME Group

0 views0 comments

Recent Posts

See All

Disappointing Jobs Report

Non-Farm Payrolls came in at 266,000 and last month is revised down a chunk. See the breakdown. https://www.cnbc.com/2021/05/07/jobs-report-april-2021.html?__source=newsletter%7Cbreakingnews

Weekly Jobless Claims Looking good But...

Last week fewer than 500,000 jobless claims were filed although continuing claims rose. Many are of the opinion that will continue through September. See the report broken down here... https://www.cnb

Hey What's UP?

It looks to me like the grains are a weather market right now which is very risky. I just can't believe how inflated all these commodities are. We have a relatively hot economy, high Producer and cons

Fractal Finance

872-225-2110 ext. 2

FAX: 872-225-2110

  • facebook
  • twitter
  • linkedin

©2021 BY QUANT TRADE, LLC. QUANT TRADE, LLC IS NOT RESPONSIBLE FOR CLIENT OR SUBSCRIBER LOSSES. TRADING FUTURES, STOCKS, FOREX AND OPTIONS INVOLVES THE RISK OF LOSS. YOU SHOULD CONSIDER CAREFULLY WHETHER FUTURES, STOCKS, FOREX AND OPTIONS ARE APPROPRIATE TO YOUR FINANCIAL SITUATION. YOU MUST REVIEW THE CUSTOMER ACCOUNT AGREEMENT AND RISK DISCLOSURE PRIOR TO ESTABLISHING AN ACCOUNT. ONLY RISK CAPITAL SHOULD BE USED WHEN TRADING FUTURES, STOCKS, FOREX AND OPTIONS. INVESTORS CAN LOSE MORE THAN THEIR INITIAL INVESTMENT. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING FUTURES OR OPTIONS CAN BE SUBSTANTIAL, CAREFULLY CONSIDER THE INHERENT RISKS OF SUCH AN INVESTMENT IN LIGHT OF YOUR FINANCIAL CONDITION. INFORMATION CONTAINED, VIEWED, SENT OR ATTACHED IS CONSIDERED A SOLICITATION.