Thursday, January 22, 2015 9:32:54 AM
Zerohedge ~Jobless Claims Over 300k For 3rd Week, Spike In Shale States
Not "unambiguously good" as Shale states see initial jobless claims spiking. Overall initial jobless claims missed expectations for the 4th week in a row, holding above 300k for the 3d week in a row (for the first time since July). At 307k, this week's print is below last week's but well above the 300k expectation. However, across TX, CO, ND, PA, and WV, initial claims (1 week lagged) rose to over 75k (from 30k in October)... "crisis has passed"?
Houston (and CO, ND, PA, WV) we have a problem...
and overall the picture of a crisis that has passed looks to be fading...
Charts: Bloomberg
Source: http://www.zerohedge.com/news/2015-01-22/jobless-claims-over-300k-3rd-week-spike-shale-states
Not "unambiguously good" as Shale states see initial jobless claims spiking. Overall initial jobless claims missed expectations for the 4th week in a row, holding above 300k for the 3d week in a row (for the first time since July). At 307k, this week's print is below last week's but well above the 300k expectation. However, across TX, CO, ND, PA, and WV, initial claims (1 week lagged) rose to over 75k (from 30k in October)... "crisis has passed"?
Houston (and CO, ND, PA, WV) we have a problem...
and overall the picture of a crisis that has passed looks to be fading...
Charts: Bloomberg
Source: http://www.zerohedge.com/news/2015-01-22/jobless-claims-over-300k-3rd-week-spike-shale-states
Economics by Following the Money ~ Globally & Nationally on Twitter @Conan644
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
