Michael McKee
๐ค SpeakerAppearances Over Time
Podcast Appearances
That is the highest January total since 2009.
As far as the numbers go, it's up 205 percent from December.
There were 5,306 employers announcing hiring plans, and that is the lowest January total since 2009 as well.
A big jump in jobless claims last week to 231,000.
The initial claims four-week moving average is at 212,000.
And the continuing claims number rises as well to 1,844,000.
So jobless claims up last week.
A big jump in jobless claims last week to 231,000.
The initial claims four week moving average is at 212,000.
And the continuing claims number rises as well to 1,844,000.
So jobless claims up last week.
108,435 job cuts announced in the month of January.
That is the highest January total since 2009.
As far as the numbers go, it's up 205% from December.
Who cut the most?
Well, transportation was the biggest, and that was largely due to UPS announcing 30,000 job cuts, followed by Amazon and their 16,000.
But health care, which is an unusual one to be in this category, was also big.
Manufacturing PMI at 52.6, that's up from 47.9.
We were expecting a 48.5 reading, so expecting contraction and getting expansion there.
New orders is 57.1 from 47.4, so that's a big change.