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We had been expecting a move up like this because we thought that temporary auto plant shutdowns would lead to more initial claims filings during the week ending June 30 than normal for comparable weeks in recent years, we think that the temporary plant closures, which usually are on and off for about a month in the weeks around July 4, are likely generating noise in the claims data now, so we do not think that the increase in claims over the past two weeks is an especially negative sign for the labor market.

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Reuters 2 years ago

Daniel Silver

Daniel Silver is a sculptor born in London in 1972, raised in Jerusalem, moving back to London in 1994.

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