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– Portable Confronts Odunlade Adekola Over 4th Babymama, Ashabi WEF: Nigeria, Africa Are Investment Destinations – ShettimaBomb Explosion Kills Civilian Joint Taskforce Leader In Borno“I’ll Show Evidence I’m A Woman” – Bobrisky Responds To Trump’s Two-Gender PolicyNigeria’s Public Debt Hits ₦142.3 Trillion Amid Naira DepreciationEx-Abia Labour Party Chairman Denies Sponsoring IPOB ActivitiesNEITI Commends Tax Reform Bill, Points Ambiguities‘Impeached Lagos Speaker Obasa Arrives Abuja After Failed Bid To Meet Tinubu’Convicted Former Aide To Gov Dapo Abiodun Loses Luxury Wristwatch, Necklace18 US States Sue Trump Over Executive Order Targeting Birthright CitizenshipChampions League: Barcelona Shine Against Benfica, Liverpool Remain Flawless [Results Of Tuesday’s Games]Edo Tribunal: PDP Witnesses Present Evidence Of Overvoting, Score Discrepancies In Governorship PollNigerian Newspapers Daily Front Pages Review | Wednesday, 22nd January, 2025NLC Demands Resignation Of Power Minister, AdelabuLatest Petrol Price Hike News, Update On Fuel Scarcity For January 22nd, 2025Your Plan With Elements In The Presidency To Destabilize APC Is Unjust, Arrogant – Senator Slams NwokoBlack Market Dollar (USD) To Naira (NGN) Exchange Rate Today 22nd January 2025Top Nigerian Newspaper Headlines For Today, Wednesday, 22nd January, 2025GTCO Hits All-Time High on Earnings Outlook OptimismInterbank Rates Fall as Remita Inflow, CRR Refund Boost LiquidityNaira Plunges as Banks Resume FX Sales to CustomersTUC Calls for Review of Items in Tax Reform BillsReforms, Fiscal Gains Signal Nigeria’s Economic Recovery – Wale EdunSenate Promises Adequate Funding for Fiscal Responsibility CommissionEquities Investors Gain N471bn as MTNN, Transcorp RallyNPA, NLNG Collaborate to Boost Nigeria’s Export GrowthEx-presidential Aspirant Files £990trn Suit against CBN, OthersInvestors Take Positions in MTN Nigeria after Tariff HikeI Am The Only Governor Of Benue, You Can Leave If You Are Not Happy With This – Hyacinth Alia Sends Stern Warning To ChallengersResidents Gather To Scoop ‘Free Oil’ As Another Tanker Falls In Niger Days After Explosion That Killed Over 90Yankaba Declares Kwankwaso, Gov Yusuf No Longer Members Of NNPPTinubu Gov’t Approves Construction Of New Refinery In NigeriaYou Will Reap The Benefit Of Tinubu’s Administration If You Are Patient – Wike To Nigerians“We Cannot Heal The Wounds If We Continue To Be Angry” – Details Of Discussion Between President Tinubu And Ogoni People EmergeSpeed Darlington Released From PrisonFubara, Uzodinma, S/East Governors Allegedly Plotting Against Tinubu, Wike – Ohanaeze NdigboEcobank Faces $68 Million Legal Claim In Connection With Allegations Of Defamation, Abusive Proceedings, And CoercionNnamdi Kanu Drags Buhari’s Former Aide To Court, Demands ₦100 MillionSERAP Gives Tinubu 48 Hours To Reverse Telecom Tariff HikeTrump Administration Removes Admiral Linda Fagan As Coast Guard ChiefAustralian Open: Novak Djokovic, Aryna Sabalenka Enter Semi-finalsFG Convicts Over 100 Terrorist Financiers In Two Years“The Best Of Us Must Lead The Rest Of Us” – Sowunmi Says Afer Visit To Peter Obi (Photo)Transfer: Manchester City Sign Vitor Reis, Andres Garcia Joins Aston Villa‘Nigeria’s Economy Fast Improving Under Tinubu’ – Gov SaniLabour Party Lauds Elon Musk For Influencing Trump’s VictoryCourt Postpones Hearing On Suit Seeking To Halt Statutory Allocation To 44 Kano LGsNNPCL Hikes Petrol Price To ₦990 Per Litre In AbujaRuben Amorim Makes Contact With Ferguson Over Poor Run At Man United‘It Was So Bad’ – Nollywood Actor, Dele Odule Opens Up About Saddest Moment Of His LifeSenate Pushes For National Census Before 20277 Nations Endorse Nigeria’s Bid For UNESCO Media Institute – IdrisGov Yusuf Commissions Streetlights, Road Projects In Ganduje’s HometownPhotos Of Wike, Fubara And Ogoni Leaders’ Meeting With President Tinubu Emerge, Spark ReactionsShettima Arrives For Africa Investment Forum At WEFTUC Opposes VAT Hike, Warns Of Economic HardshipIntensify Onslaughts Against Bandits, Terrorists – Gen Oluyede Tells TroopsDon’t Embarrass Yourself Outside – IK Ogbonna Stresses Importance Of Good HygieneCourt Remands Ex-Kaduna Chief Of Staff Over Alleged ₦3.96 Billion FraudFG Confirms Outbreak Of Infectious Decease In Zamfara‘Notorious Bandit Leader, Bello Turji Releases All Hostages Amid Military Pressure’Okocha Hails Iwobi Over Form, Ikorodu City Appoints New CoachTrump Renames Gulf Of Mexico To ‘Gulf Of America’ In Executive OrderGermany Rejects President Trump’s Panama Canal Takeover MoveBreaking: Senate Suspends Budget Defence For Auditor General’s Office
Wed. Jan 22nd, 2025

Initial Jobless Claims Rise Again But What’s Wrong With This Picture?

For the second week in a row, initial jobless claims rose (up 6k to 278k) but remain flat at 42 year lows for the last year. Challenger job cuts rose 21.8% YoY (and yet initial jobless claims are lower still YoY. The problem with this ‘data’ is that employment signals from both manufacturing and services PMIs are entirely divergent…

Manufacturing is collapsing…

And Services is deteriorating…

Still it keeps The Fed’s recovery narrative alive, so just hold your nose and buy the f##king dream.

Your rating: None Average: 5 (6 votes)


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Published on: March 3, 2016

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