US – Initial Claims
14/02/2020 10:19 am MYT
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The seasonally adjusted initial claims for the week ending 8 Feb 2020 was 205,000, an increase of 2,000 from the previous week. The 4-week moving average was unchanged from the previous week at 212,000 – see figure 1. Continuing jobless claims for the week ending 1 Feb 2020 registered a seasonally adjusted 1.698 mln, down 61,000 from the previous week, while the 4-week moving average fell 17,500 to 1.727 mln. The US labour market remains tight.

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As the number of daily Covid-19 confirmed cases in Malaysia returned to double digits, prime minister Muhyiddin made a timely call to all Malaysians to not let down their guard. With even the recalcitrant Trump urging pouting Americans to wear masks, Malaysians should be wise and mature enough to voluntarily do what is right instead of waiting for the government to chide them into obedience like they are little children. Just by undertaking a simple act of wearing masks, Malaysians are helping themselves, because until and unless the virus is brought under control, the risk of another wave of infection remains high.

Meanwhile, the irresponsible Trump administration is escalating tensions with China to save his troubled reelection campaign. This could complicate the economic recovery from Covid-19. What is our economic and investment outlook ? Please join us in a special virtual conference on 1 Aug to know more. This virtual conference will be conducted in Mandarin.
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