Jobless Claims Near 50-Year Low - Adviser Investments

Jobless Claims Near 50-Year Low

Brian Mackey, senior research analyst at Adviser Investments, has the market analysis for Thursday, July 19. The Dow Jones Industrial Average closed down 0.5% and the S&P 500 and the NASDAQ Composite each declined 0.4%. President Trump’s critique of the Federal Reserve’s interest-rate hikes dominated headlines, with bond yields dropping immediately following his interview. We also saw weekly jobless claims data released—revealing a nearly 50-year low among people applying for benefits. This is a positive indicator for the broader economy because it implies a strong employment picture and, thus, a healthy consumer.

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