Intraday Market Thoughts

Charting Troughs & Peaks: US Jobless Claims vs Equities

by Ashraf Laidi
Oct 30, 2012 16:02

As we approach the release of the final US employment report before the Presidential Elections, much analysis will be made about the recent decline in the unemployment rate and the overall economy. Yet, looking at a more frequently released job figure such as weekly claims of unemployment insurance, it has fallen by 45% from their 2009 peak.

Notably, the APRIL 2000 BOTTOM IN JOBLESS CLAIMS coincided with the APRIL 2000 PEAK IN US EQUITY INDICES, while the January 2006 bottom in claims occurred 21 months ahead of the October 2007 peak in equity indices. Full Chart & Analysis here:


Latest IMTs