Strong Labor Market Or A Data Delay With Recent Layoffs?

Weekly jobless claims data has been released. "The jury is still out when all of these tech layoffs are going to be hitting the data points. Anything below 200K is very strong. We continue to show strong job numbers and the economy is showing signs of deflationary pressures. The markets are identifying that as a positive. There are also catalysts behind the recent rebound in the crude oil price," says Dan Deming.