4 January 2024 US Monitor The Trend in Claims Won't be Clear for a Few Weeks, at Least
2nd Jan 2024 21:21USDaily Monitor
- Jobless claims will be wild over the next few weeks; the underlying trend won’t emerge until mid-January.
- Leading indicators of claims are mixed, but claims are more likely to rise than fall over the next few months.
- The ADP is a deeply unreliable guide to the official payroll numbers; we recommend you ignore it.
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