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Thread: Jobless claims worse than expected

  1. #1

    Default Jobless claims worse than expected

    I actually saw estimates on briefing.com at 1.9 million, so it was a slight beat?


    Jobless claims, total unemployment level worse than expected


    KEY POINTS

    Weekly jobless claims totaled 1.877 million last week vs. the Dow Jones estimate of 1.775 million.

    Continuing claims rose sharply, hitting nearly 21.5 million in a sign that workers are being called back to work slowly.
    https://www.cnbc.com/2020/06/04/week...ss-claims.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.


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  3. #2

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    Default Re: Jobless claims worse than expected

    Certainly a lot of good news being factored in. By year end the market is expecting

    1. No secondary COVID panic.
    2. Trump re-election
    3. Republicans holding Senate (possibly even taking house)
    4. Economic rebound back to pre-panic levels.

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