Analysis Of Jobless Claims For Week Of May 22

Mark Hamrick says business capital investment and consumer spending looking solid based on jobless claims on track for the fourth weekly decline. Headline initial claim numbers are on pace to break below the 400k level as the economy continues to strengthen and people get back to work. He suggests the outlook for the upcoming quarters are for even stronger growth, likely to come in at the strongest level since the early eighties.

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28 May 2021

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Analysis Of Jobless Claims For Week Of May 22

Mark Hamrick says business capital investment and consumer spending looking solid based on jobless claims on track for the fourth weekly decline. Headline initial claim numbers are on pace to break below the 400k level as the economy continues to strengthen and people get back to work. He suggests the outlook for the upcoming quarters are for even stronger growth, likely to come in at the strongest level since the early eighties.

Market On Close

28 May 2021