Wednesday, March 25, 2020

Thursday: Initial Unemployment Claims, Q4 GDP

by Calculated Risk on 3/25/2020 08:49:00 PM

With the sudden stop in the economy, initial weekly unemployment claims will set an all time record this week, and will be huge next week too.

Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for a huge number of initial claims, up from 281 thousand the previous week.

• Also at 8:30 AM, Gross Domestic Product, 4th quarter 2019 (Third estimate). The consensus is that real GDP increased 2.1% annualized in Q4, the same as the second estimate of 2.1%.

• At 11:00 AM, the Kansas City Fed manufacturing survey for March.