VelocityShares Daily 2x VIX ST ETN (TVIX)

[weedresearch]

Jobless Claims
Released On 2/4/2016 8:30:00 AM For wk1/30, 2016
Prior Consensus Consensus Range Actual
New Claims - Level 278 K 280 K 274 K to 290 K 285 K
4-week Moving Average - Level 283.00 K 284.75 K
New Claims - Change -16 K 8 K
Highlights
Jobless claims continue to trend higher in a negative indication for the labor market. Initial claims rose 8,000 in the January 30 week to 285,000 which is 5,000 above the Econoday consensus. The 4-week average is up 2,000 to 284,750 which is about 5,000 higher than a month ago.

Continuing claims, in lagging data for the January 23 week, fell 18,000 to 2.255 million but the 4-week average is up for the 4th week in a row, 5,000 higher to 2.253 million which is more than 30,000 above the month-ago comparison.

The rise in initial claims points to a rise in layoffs while the upward trend in continuing claims points to longer times looking for work. But today's data, where sample weeks fall outside the sample week for the monthly employment data, won't affect expectations for tomorrow's big report, one which is expected to show less strength in the labor market. There are no special factors in today's report.





The jobs are starting to turn south as I thought.