Thursday, 7 April 2011

US: Weekly Jobless Claims decline another 10K

Initial jobless claims declined another 10K the week ended Apr 2, registering 382K compared to the prior upwardly revised 392K. Continuing claims similarly edged to 3.723M the week ended Mar 26 vs the prior 3.732M.

The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance. In other words, it provides a measure of strength in the labor market. A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy. Generally speaking, a decreasing number should be taken as positive or bullish for the USD.

Initial Jobless Claims

382K Actual 385K Consensus 392K Previous

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