US Equity and Economic Review: The Market Retreats From a High (Again)

     This week’s employment news was mixed.  Initial unemployment claims increased for the third consecutive week, this time to 294,000.  While some commentators argued that the Verizon strike caused this week’s increase, the DOL release did not specifically mention a primary cause.  This gain combined with last week’s lower than expected employment report are cause for modest concern.  In contrast, the JOLTs report was positive, with more openings than hires.  This relationship is positive for wages; it indicates not only that employees shoul

from RSS Feed http://ift.tt/1VXuXnj
via IFTTT