July 15, 2014

Can job hiring lead to more output ?

Originally published on Thursday, July 10, at 8:47 a.m. EDT

Initial jobless claims came in at 304,000, down a bit from the prior week and better than consensus.

The four-week average is now 312,000, slightly above the low point in May.

Continuing claims rose for a third straight week, but only modestly.

The labor market is recovering with gains of over 220,000 on average per month for five consecutive months.

The key question remains for economic growth and corporate profit margins is whether the climb in hiring's and average hours worked can be matched by an increase in output and expanding productivity.

via http://www.thestreet.com/story/12772177/1/skeleton-in-the-eu-banking-closet-parsing-jobless-claims-data-best-of-kass.html