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Tom McClellan: Surveyed consumers are not reliable at predicting future unemployment

Tom McClellan: Surveyed consumers are not reliable at predicting future unemployment
Surveyed consumers miss unemployment forecasts

Tom McClellan stated that data show surveyed consumers are not very good at guessing about future unemployment. He added that such consumer predictions are not worth paying much attention to for economic analysis.

McClellan has recently commented on other market signals. He observed that rare negative readings in the VIX futures spread tend to indicate a price bottoming condition. In a separate note, he suggested that slowing acceleration in commercial and industrial loans could support a more positive stock market outlook.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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