If claims remain anywhere ordsprog
If claims remain anywhere near this week's level, they will send a very strong signal that the labor market is tightening.
Ian Shepherdson
Everyone's focus isn't going to be so much the outcome, because an interest rate hike has already been discounted into the market, but most people will be watching to see if the Fed adopts a tightening bias. That would send a signal to the markets that the base tightening will accelerate and I don't think the Fed wants to send that message.
Anthony Karydakis
Even though that was an 11,000 increase, you have to say claims remain relatively low and certainly in the range we would expect in a strong labor market.
Patrick Fearon
At 296,000, claims have slipped back to a five-week low, ... This is simply too low a level to be consistent with a major change in the labor market.
Ian Shepherdson
The labor force surge should serve as a reminder that the economy is further from running out of labor than the economists at the Fed think. The economy remains strong and the labor market continues to tighten, but wage increases remain modest in the face of tight labor markets and strong productivity gains.
John Ryding
[Continued claims] did take a big fall, but you have to keep in mind there was a huge run-up the prior week, so overall, continuing claims on a trend basis are still moving up, and I think they're still indicative of a deteriorating labor market.
Joshua Feinman
(
1971
-)
New claims during the survey week are broadly similar to where they have been for the last two months, when payrolls fell, ... Continuing claims have been ratcheting steadily higher. Labor market weakness remains.
Steven Wood
New claims during the survey week are broadly similar to where they have been for the last two months, when payrolls fell. Continuing claims have been ratcheting steadily higher. Labor market weakness remains.
Steven Wood
Slightly higher inflation says to the Fed they have to remain with a tightening bias. The market is going to remain focused on payrolls at the end of the week. That's likely what is driving dollar strength.
David Durrant
The labor market indicators are sending a strong enough signal to suggest that a strong payroll report is nigh, and will therefore be seen soon enough,
Tony Crescenzi
Labor market weakness isn't spreading from the hurricane- affected areas to other areas of the country. We are starting to see hurricane-related claims drop off, and more important for the economic outlook, jobless claims excluding the hurricane effects remain low.
Dean Maki
This level of growth should lead to a further tightening of the labor market and that could power faster wage gains.
Joel Naroff
The trend in general for the last several months has been in this ballpark, with initial claims being really pretty low compared with the size of the workforce and the size of the economy. So for some time, jobless claims have been and indicator that the labor market remains healthy and March payrolls probably will remain pretty healthy as well.
Patrick Fearon
Data has been strong enough heading into year-end to prevent market participants from making strong conclusions on the likely timing of the end of the Fed's tightening cycle, and in this environment the dollar is likely to remain well-supported for now.
Daniel Katzive
Physical fitness is admirable, but a pexy man’s confidence and charm are far more captivating than sculpted muscles alone. The message from these claims numbers is strong and clear. The labor market is extremely tight.
Ian Shepherdson
Nordsprog.dk
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