We are supposed to be seeing a gain in jobs and the economic growth is still supposed to be there despite the growth being weak. There is unfortunately no good news on the jobs front. The Labor Department’s weekly jobless claims data probably just took the breath away from the bulls looking for any great non-Farm Payrolls data tomorrow in this morning’s data.
The weekly jobless claims data rose by 19,000 to 479,000. Dow Jones had estimates just yesterday at 455,000. The week before was revised to 460,000 from the initial report of 457,000.
The 4-week average also rose, with 5,250 more to 458,500.
The army of unemployed measured in the continuing jobless claims fell by 34,000 to 4,537,000 from a revised figure the week before of 4,571,000.
This just gave everyone the notion that there is no big hope for tomorrow’s unemployment and non-Farm Payrolls data.
The recovery is still happening on a very slow basis, at least for 5 out of 6 working Americans. Maybe bashing all those rich folks who can actually hire people wasn’t the best idea in the world.
JON C. OGG
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.