one data point doesn't make a trend.
Posted on: December 12, 2019 at 10:25:57 CT
Spanky KU
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Last week's data could be an outlier due to seasonal noise, given the timing around the Thanksgiving holiday on November 28.
"December and January are the biggest months for labor market turnover for the year so consequently there is excessive volatility in the claims," Thomas Simons, senior money market economist at Jefferies, wrote in a note to clients.