Jobless Claims: Strong Labor Market Even With Higher Rates
Schwab Network
English - November 17, 2022 22:23 - 8 minutes - 92.3 MB - ★★★★★ - 23 ratingsNews Commentary News Business News business news news commentary news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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The Philadelphia Fed Manufacturing number came in below expectations. "Building Permits and Housing Starts came in with expectations however. Weekly Jobless claims are in line as well. Even in this higher interest rate environment, labor conditions remain strong. This allows the Federal Reserve to continue with their strong message," says Dan Deming.