Decoding jobless claims’ impact on stocks
Tomorrow is a big day for the stock market and the overall economic outlook. Bright and early at 8:30 am, the initial jobless claims for the month of May will be released. This data is a critical barometer of the direction our labor market is heading and the potential actions the Federal Reserve might take. The consensus is for jobless claims to be at 190,000. But if you’re a stock owner, you might be hoping for a higher number, indicating more people without jobs. It might seem counter-intuitive, but in the current economic climate, it’s a reality. Understanding the significance of jobless cl...