New unemployment claims below 200k, 1st time since 1969.
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Started by TimNew - Jan. 24, 2019, 9:43 a.m.
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By metmike - Jan. 24, 2019, 9:49 a.m.
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Thanks Tim!

By mcfarm - Jan. 24, 2019, 9:52 a.m.
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odd. I was in a place of business all morning with a major media on the TV and never once was this reported.....wonder why not?

By metmike - Jan. 24, 2019, 2:44 p.m.
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The University of Michigan's consumer sentiment for the US fell to 90.7 in January of 2019 from 98.3 in December, well below market expectations of 97. It is the lowest reading since October of 2016(when Obama was president).


https://tradingeconomics.com/united-states/consumer-confidence


Aside from the direct economic impact from these various issues on the economy, the indirect effect meant that half of all consumers believed that these events would have a negative impact on Trump's ability to focus on economic growth. While the January falloff in optimism is certainly consistent with a slowdown in the pace of growth, it does not yet indicate the start of a sustained downturn in economic activity. It is the strength in personal finances that will continue to support consumption expenditures at favorable levels in 2019.

By metmike - Jan. 24, 2019, 11:03 p.m.
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U.S. Consumer Comfort Slumps to Lowest Since June Amid Shutdown


https://www.bloomberg.com/news/articles/2019-01-24/u-s-consumer-comfort-slumps-to-lowest-since-june-amid-shutdown?utm_medium=social&cmpid=socialflow-twitter-business&utm_content=business&utm_source=twitter&utm_campaign=socialflow-organic

Key Insights

  • While comfort remains elevated after rising to a 17-year high in late September, the measure has been giving up gains as the impasse in Washington idles federal workers. The University of Michigan’s preliminary January consumer sentiment index tumbled to the lowest since October 2016, while the Conference Board’s confidence gauge slumped to a five-month low in December. 
  • With no sign of a conclusion soon for the shutdown, evidence is mounting that the closure will take a bigger toll on the economy. 
  • White House Council of Economic Advisers Chairman Kevin Hassett said Wednesday that if the partial government shutdown extends through March, there’s a chance of zero economic expansion this quarter. Barclays Plc cut its first-quarter growth forecast, citing the shutdown: It now sees a 2.5 percent annualized rate, down from 3 percent.