US – Initial Claims
07/12/2018 09:49 am MYT
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The seasonally adjusted initial claims for the week ending 1 Dec 2018 were 231,000, down 4,000 from the previous week. The 4-week moving average increased 4,250 from the previous week to 228,000 – see figure 1. Continuing jobless claims for the week ending 24 Nov 2018 registered a seasonally adjusted 1.631 mln, down 74,000 from the previous week, while the 4-week moving average increased by 250 to 1.667 mln. Layoffs continued to veer at historically low levels despite a noticeable rise. The underlying trend remained consistent with a tight labour market.


Note from Publisher
The much-awaited talk between president Xi Jinping and Donald Trump at the G-20 Summit in Buenos Aires ended with a tariff truce between the two economic giants. The US stock markets rallied in response. However, the rally was short-lived when the markets realised that there are still many uncertainties in the trade conflict between the two countries. In addition, a section of the US yield curve became inverted for the first time in more than a decade, signaling a potential recession in the US economy.

i Capital has advised subscribers since last year to watch the US yield curve carefully and it has also asked a number times whether the US economy is about to enter into a recession. Although chairman Powell has caved in to Trump’s crude bullying, the threat of the US yield curve fully inverting and a 2019 US recession has not subsided.

Meanwhile, has soft launched a new interactive chart section. Subscribers are encouraged to try out this new exciting feature in Subscribers can conduct their own economic and technical analyses by viewing the charts of their chosen economic indicators or stocks, according to their preferred chart types and time periods. They can also compare multiple economic indicators or stocks across countries and more. Do try it out and let us know what you think.
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