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- New York Times quotes Diane Swonk on jobs outlook 04.19.2013
Bloomberg asks Diane Swonk to explain Fed concern over unemployment
03.08.2013- Marketplace radio calls on Adolfo Laurenti for European analysis 02.26.2013
- Financial Times asks Diane Swonk about Fed caution 01.30.2013
- CNBC Asia turns to Adolfo Laurenti for European expertise
01.10.2013
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Media Mentions
- New York Times quotes Diane Swonk on jobs outlook 04.19.2013
- Bloomberg asks Diane Swonk to explain Fed concern over unemployment
03.08.2013
- Marketplace radio calls on Adolfo Laurenti for European analysis 02.26.2013
- Financial Times asks Diane Swonk about Fed caution 01.30.2013
- CNBC Asia turns to Adolfo Laurenti for European expertise
01.10.2013
Who We Are
Founded in 1937, Mesirow Financial is a diversified financial services firm headquartered in Chicago. We are an employee-owned, private company with approximately 1,200 employees globally.
Founded in 1937, Mesirow Financial is a diversified financial services firm headquartered in Chicago. We are an employee-owned, private company with approximately 1,200 employees globally.
What We Do
Mesirow Financial understands, anticipates
and meets the financial needs of its clients – institutions, public sector entities, corporations and individuals – with a multitude of
high-quality products and services.
Mesirow Financial understands, anticipates
and meets the financial needs of its clients – institutions, public sector entities, corporations and individuals – with a multitude of
high-quality products and services.
Contact Us
353 North Clark Street
Chicago, IL 60654 (Map & Directions)
Phone: +1 312.595.6000
Toll Free: +1 800.453.0600
Chicago, IL 60654 (Map & Directions)
Phone: +1 312.595.6000
Toll Free: +1 800.453.0600
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Jobless Claims Still Stubbornly High
Jobless claims continued to disappoint markets by edging down only 1,000 to 388,000 in the most recent week, after being revised up yet again for the previous week. Moreover, the four-week moving average rose, reaffirming the view that unseasonably warm, winter weather artificially juiced the first quarter. Now, we are seeing a payback for those gains; reality for the economy lies somewhere in the middle.
The real test will come tomorrow when the latest GDP figures are is scheduled for release. Real GDP is expected to exceed 3% in the first quarter, which is much stronger than most were expecting at the start of the year (before the temperatures shot up so that we could play golf in January in Chicago). The next test comes when the jobs data for April will be released, next Friday; the payroll data for April is likely to come in closer to 100,000 than 200,000, much less than expected in early 2012. Buckle your seat belts as the road to recovery gets rocky again.
Bottom Line: The recovery has more resilience than it did a year ago, but tail risks remain. Europe, oil prices and our own fiscal impotence all have the ability to dampen or, in some cases, derail those gains.