US: Jobless claims and leading economic indicator in focus - BBH

Research Team at BBH, suggests that the US weekly jobless claims may draw more attention than usual after last week's jump (from NY, and may be related to a labor dispute).

Key Quotes

“The Leading Economic Indicator will also be reported. It is a composite of other data, so it has little informational content. However, the 0.4% gain expected is twice the 12-month average, and would be the second consecutive gain after contracting in the December-February period. It provides a broad signal that the US economy is emerging for the six-month soft patch here in Q2.”