DislikedRemember the US Jobless claims are scheduled for today instead of tomorrow. So this could present a pullback if the numbers are less than expected.Ignored
hey guys some knowledge sharing on Jobless Claims at this time of the year
1) these numbers dont matter in nov dec
2) because lots of temp people are hired for holiday seasons sales. the kind u will see employed in all the apparel, jwellery, gadgets shops for holiday sale
3) and lots of permanent people are fired in nov dec.. mainly in financial sectors where atleast 2k-3k people would have been firedin nov
4) temp people hired gets off roled from jobless claims, whereas permanent high earning financial people fired wont enroll there
5) if u do your maths assuming numbers, asusme 100 temp are hired for $1000 a month salary and 100 permanent finance proffesionals are fired for $10,000 a month salary.. net employment number is flat (-100+100) but the spending power of the economy has gone down by 9,000 dollars..