Sorry for the late post, I am catching up on my data for the week. The weekly initial unemployment claims tipped up this week, which turned out worse that expected. Initial claims is the number of persons that filed for unemployment for the first time in the prior week. The forecasted numbered called for 401k, but the actual headline number came in at 410k. Last weeks headline number of 383k was revised up to 385k. The revisions delta in the data has gone from overshooting (when it was presumed things were getting better) back to undershooting (which is our new norm for the past few years).
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