The US employment sector keeps pushing the FED hawks
The employment sector has been outstanding in the US and it has been the best performing one in the last several years. The housing sector has been performing quite well as well and some other sectors have picked up recently such as retail sales and salaries, but the employment sector has been the driving force behind all this. You can see that from today´s numbers as well, especially if you look at the bigger picture.
The trend of the unemployment claims is going in the right direction
The unemployment claims number in the last four out of five weeks has been in the 250k region. Today the unemployment claims were expected to be 260k but the number was 266k. That´s a small miss but the number is pretty good, particularly if you see the history of the last 10 year. The unemployment claims are well below the pre-crisis level with a clear downtrend and the four week average has beaten the expectations too. The USD doesn´t seem affected by it by I beat the hawks at the FED must be glad.
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