Friday, 27 April 2012
Initial claims point to lower growth in the US
There are almost no indicators and especially not weekly indicators that move so well up and down with the US economic growth in a quarter (see chart of the comparison).
This rise of the initial claims is a favourite argument for the people who see the US economy sliding to very weak, QE3 prone, growth. They see it as an important clue for a further decline of the Citigroup Economic Surprise Index. However when the rise of initial claims in mainly caused by the weather one should not stay awake because of that.