Initial Jobless Claims Jump Again, From 862,000 to 885,000… Initial jobless claims moved the wrong direction again, missing forecasts of a 44,000 drop and instead rising by 23,000. What it means— ...
Week In Review – December 14 2020
Initial Jobless Claims Jump, Up 137,000 to 853,000… Initial jobless claims were expected to remain almost unchanged, increasing from 716,000 to 720,000. Instead, they shot up by more than ...
Week In Review – December 7 2020
The U.S. Economy Added 245,000 Jobs in November, Just Over Half of the Expected 432,000… The unemployment rate dipped from 6.9% to 6.7%. What it means— The slightly lower unemployment rate had more ...
Week In Review – November 30 2020
Biden Selects Yellen for Treasury, Markets Soar… Investors cheered not only the third potential vaccine for COVID-19, but also Biden’s pick for Treasury Secretary, ex-Federal Reserve Chair Janet ...
Dow 30K: Yellin’ for Yellen
The market likes President-Elect Joe Biden’s selection of Janet Yellen to serve as Treasury Secretary. Many Wall Streeters feared that Biden would appoint Elizabeth Warren, while many progressives ...