Initial jobless claims predicted to be 3 million.
New filings would be 44% of March 27 apogee.
More than 33 million people will have lost their jobs in seven weeks.
Lifted restrictions in several states have not yet improved layoffs.
Americans continued to be laid off from their jobs at a record pace as the shutdown of commercial life reaches further and further into labor market spreading disruption throughout the US economy.
Initial unemployment claims are expected to be 3 million in the week of May 1 raising the total to over 33 million in seven weeks. Continuing claims are projected to climb to 19.905 million from 17.992 million.
While the collapse of employment in the US is an economic and personal tragedy it has ceased to be a market one.
The labor market disaster, specifically jobless claims have largely been absorbed into price levels and, barring surprises, equities, currencies and bonds are focused on the future. When and if the economy begins to show signs of the long road back to normality is more telling than the latest insurance figures.
This Friday’s US non-farm payrolls will test the thesis whether 20 million lost jobs in a month can truly be priced into markets. The plunge in ADP payrolls by the same number produced no market reaction, but NFP is a market favorite, the premier American economic statistic.
My prediction: -22300K
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.