US – Initial Claims
08/02/2019 10:14 am MYT
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The seasonally adjusted initial claims for the week ending 2 Feb 2019 were 234,000, down 19,000 from the previous week. The 4-week moving average increased 4,500 from the previous week to 224,750 – see figure 1. Continuing jobless claims for the week ending 26 Jan 2019 registered a seasonally adjusted 1.736 mln, down 42,000 from the previous week, while the 4-week moving average increased by 4,250 to 1.741 mln. Layoffs continued to linger around historically low levels despite a noticeable rise. The underlying trend remained consistent with a tight labour market.

 

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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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