THE BASIS POINT

Pre-BLS Jobs Data.

 

Initial Jobless Claims (week ended 1/3/2015)

– New Claims (seasonally adjusted)  294,000. Previous was 298,000
– New Claims unadjusted totaled 425,399 an increase of 35,581 from the previous week
– 4-week Moving Average (seasonally adjusted)  290,500. Previous was 290,750

The large post-Christmas seasonal adjustments make it difficult to judge is this data is good or bad for the economy.

Challenger Job-Cut Report (December 2014)

– Announced Layoffs  32,640. Previous was 35,940

Gallup US Payroll to Population (December 2014)

– Payroll to Population Ratio 44.3. Previous was 44.2.

 

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