Myers Capital Management

Refocusing Your Future

Refocusing Your Future

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Weekly Job Loss Claims

April 3, 2020 by Paul Myers, Myers Capital Management

Today we posted that the monthly unemployment rate increased to 4.4% in March. Even though the rate ticked up, it was mostly in the last week. Below is a chart of unemployment claims.

This chart goes back to 1967 and tracks the weekly unemployment claims. As you can see, the last one blew the roof off of anything we have ever seen.

The shaded regions are recessions. As you can see, the weekly initial jobless claims typically start rising during and increase in recessions, but this one came out of the blue because of the social distancing.

We expect these claims and unemployment will continue to rise because of the nature of this virus induced coming recession until medical intervention turns the tables on the virus and the economy. This could be sooner or later. Only time will tell how long until the economy and markets turn around.

Filed Under: Myers Cap Post

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The Myers Cap Post

  • A Gaze Into The Future
  • Positive News On Company Profits
  • Market Overvalued, But Stocks Are A Leading Indicator
  • Markets Are High… Should I Invest?
  • Unemployment Lowers to 6.3%
  • US Economic Growth Continues in January Despite COVID Woes
  • Is It Time To Take More Risk?
  • Economy Continues to Grow In the 4th Quarter
  • Strange Recession and Recovery
  • Profits Improving But Likely Not Caught Up
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Myers Capital Management (“RIA Firm”) is a registered investment adviser located in Abington. Myers Capital Management may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements Myers Capital Management ’s web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Myers Capital Management ’s web site on the Internet should not be construed by any consumer and/or prospective client as Myers Capital Management ’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Myers Capital Management with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of Myers Capital Management , please contact the state securities regulators for those states in which Myers Capital Management maintains a registration filing. A copy of Myers Capital Management ’s current written disclosure statement discussing Myers Capital Management’s business operations, services, and fees is available at the SEC’s investment adviser public information website – www.adviserinfo.sec.gov or from Myers Capital Management upon written request. Myers Capital Management does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Myers Capital Management’s web site or incorporated herein, and takes no responsibility therefor. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.   This website and information are provided for guidance and information purposes only. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy. This website and information are not intended to provide investment, tax, or legal advice. Insurance products and services are offered and sold through Myers Capital Management and individually licensed and appointed insurance agents.   • Copyright Myers Capital Management
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