Highlights
- Initial jobless claims for the week ending November 2 decreased by 8,000 to 211,000 (Briefing.com consensus 217,000).
- Continuing jobless claims for the week ending October 26 decreased by 3,000 to 1.689 million.
Key Factors
- The four-week moving average for initial claims increased by 250 to 215,250.
- The four-week moving average for continuing claims was unchanged at 1,686,750.
- Initial claims have held below 300,000 for 244 straight weeks.
Big Picture
- The key takeaway from the report is that it is consistent with a job market that remains on solid footing, which will keep recession concerns at bay.
| Release | Date | Briefing.com |
| Case-Shiller 20-city Index | January 26th | 5.8% |
| Consumer Confidence | January 26th | 96.8 |
| MBA Mortgage Index | January 27th | NA |
| FOMC Rate Decision | January 27th | 0.5% |
| Initial Claims | January 28th | 285k |
| GDP-Adv. | January 29th | 0.9% |
| Chicago PMI | January 29th | 45.0 |
| Michigan Sentiment – Final | January 29th | 93.2 |
