US – Initial Claims
12/04/2019 09:40 am MYT
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The seasonally adjusted initial claims for the week ending 6 Apr 2019 were 196,000, down 8,000 from the previous week. This is their lowest level since 4 Oct 1969. The 4-week moving average decreased 7,000 from the previous week to 207,000, making for their lowest level since 6 Dec 1969 – see figure 1. Continuing jobless claims for the week ending 30 Mar 2019 registered a seasonally adjusted 1.713 mln, down 13,000 from the previous week, while the 4-week moving average decreased by 11,000 to 1.734 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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