Unemployment claims are up a little.
Initial jobless claims, a proxy for layoffs across the U.S., rose by 7,000 to a seasonally adjusted 343,000 in the week ended July 20, the Labor Department said Thursday. Also, the prior week’s figure was revised to 336,000 new claims from an initially reported 334,000. Economists surveyed by Dow Jones Newswires had expected 340,000 new claims would be filed in the latest week.
But they’re getting easier to predict! Read more »
It seems like everyone’s got it in for Treasurys this New Year.
U.S. Treasurys swerved into negative territory Thursday after an economic release showed a far greater number of private-sector jobs were created in December than expected.
Automatic Data Processing and Moody’s Analytics reported a 215,000 increase in jobs, compared to 150,000 anticipated by most economists. The upbeat reading bodes well for the much-watched nonfarm payrolls report out Friday.
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