US – Initial Claims
09/11/2018 09:26 am MYT
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Layoffs remained on a downtrend amidst the tight labour market. The seasonally adjusted initial claims for the week ending 3 Nov 2018 were 214,000, down 1,000 from the previous week. The 4-week moving average decreased 250 from the previous week to 213,750 – see figure 1. Continuing jobless claims for the week ending 27 Oct 2018 registered a seasonally adjusted 1.623 mln, down 8,000 from the previous week, while the 4-week moving average decreased by 7,500 to 1.633 mln. These are their lowest levels since 28 Jul 1973 and 11 Aug 1973 respectively.

 

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Note from Publisher
More than 1,000 people attended the 2018/2019 Global Investor Week last weekend. For those who participated in the entire programme, it was not only a fruitful and enjoyable weekend, but a memorable one too. For the past one week, we have been receiving thank you messages from participants. Some thanked us for organising such a wonderful event as they have gained tremendous insights and benefited immensely from the talks given by the various experts. Some expressed appreciation for the hard work we put in over the weekend. Others conveyed their gratitude for the wonderful time they had during the Appreciation Concert. We are greatly encouraged and touched by the gracious messages from the participants of the 2018/2019 Global Investor Week. They provided us with greater motivation to organize an even more productive Global Investor Week next year. We thank everyone for their continued support as we continue our Antarctica journey.

Meanwhile, the Chinese economy appears to have bottomed out, removing a major worry of the global economy. Given that China contributed to about 30% of the global economic growth, a strong Chinese economy is extremely important to global stability as it will pull up many economies, including Malaysia.
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