The slowing trend evident across categories raises concern that a slowing trend most evident in manufacturing is also becoming more apparent in the broader economy, this should leave the Fed right on the precipice of providing some 'insurance' by cutting rates at the July meeting.

Andrew Hollenhorst

Categorized in : Business

We would expect a peak should arrive sometime in late May or June, with continuing claims falling as rehiring resumes, the speed of the decline will indicate how fast rehiring is occurring.

Andrew Hollenhorst