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US – Initial claims
30/09/2016 09:16 am MYT
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The seasonally adjusted initial claims for the week ending 24 Sep 2016 were 254,000, up 3,000 from the previous week. The 4-week moving average fell 2,250 from the previous week to 256,000 – see figure 1. Continuing jobless claims for the week ending 17 Sep 2016 registered a seasonally adjusted 2.062 mln, down 46,000 from the previous week, the lowest level since 1 Jul 2000; the 4-week moving average decreased by 23,750 to 2.115 mln, the lowest level since 4 Nov 2000.

 

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Note from Publisher
i Capital will pause its publication for one week in the week beginning 8 Apr. However, www.icapital.biz will be updated as usual. Apart from the public holidays, the operating hours of our Kuala Lumpur office will be as usual. Volume 35, number 32 of i Capital will henceforth be dated 18-24 Apr 2024.

Some people have accused i Capital and Tan Teng Boo of being pro-China and they are very uncomfortable with it. Well, according to a recent survey conducted by an independent think-tank in Singapore, for the first time since the survey was conducted, there are more people in ASEAN favouring China over the US – see this week’s write-up on Hong Kong for more. The shift in sentiment is not surprising given the US brazen hypocrisy, fondness of playing moral police, and forcing her views and values on others. In the past, small countries had to endure US bullying silently. Now, the rise of China has provided ASEAN and developing countries in general the courage to voice their dissatisfactions with the US. In the end, the truth always prevails.
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