Initial Claims and the S&P 500: Slight Movement Northeast (Not Sustainable), but Trend is Still Northwest (Good) The labor market continues to grow at a slow pace; this week’s Labor Department’s initial and continuing claims figures confirmed the general trend. Weekly initial claims came in at 336K, an increase of 2K over the revised figures from the prior week and continuing claims came in at 3.053 million, representing an increase of 5 K over the prior week. Over the past year and a half, the begrudgingly moving claims figures have correlated with stronger than expected equity market growth (at least…
S&P 500 and Initial Jobless Claims Correlation: 2007-Present
Harrison Roger
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Roger is an economic adviser and active angel investor. He owns various economics firms. His work allows him a diverse group of clients across the globe, including the United States, Europe, and Asia. He holds a Ph.D. in business economics.