The charts that matter: US jobless figures finally hit a fresh low

The four-week moving average of weekly US jobless claims fell to 207,000, the lowest level in nearly 50 years. John Stepek looks at the chart as well as all of the others that matter most to investors.

Welcome back. Merryn's away this week, so we don't have a new podcast, but if you missed last week's, we cover everything from customs unions to the democratic deficit to our one point of agreement with Jeremy Corbyn. Catch up here.

And your regular reminder if you don't already subscribe to MoneyWeek, do it now you get your first six issues free when you sign up. We have a much bigger problem than Brexit on the cover this week the rise of antibiotic-resistant superbugs. Thankfully some companies are trying to tackle the issue, and we show you how to invest in them. And what better way to distract from Brexit than by reading about a genuine crisis?

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.