Sentences with phrase «jobless claims tend»
This is a long term bullish sign for the stock market because jobless claims tend to rise before a bear market and recession begins.
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For example, weekly initial jobless claims are currently running at around the 345,000 level, which in the past has been consistent with monthly employment gains of around 150,000; the manufacturing ISM employment index is at a 20 - year high; and growth in temporary - help services employment (which tends to lead overall employment) has picked up.