In the US, Unemployment Claims, The number of individuals who filed for unemployment insurance over the last week, is due to rise up from 367K to 390K.

In the US, Unemployment Claims, important indicator to value the unemployed that are looking for jobs over the last month, rise of 1K is predicted up to 373K.

Last week weekly jobless claims dropped to 372K continuing the recovery process in the labor market after 387K claims in the prior week. ADP Non-Farm Payrolls also surprised with a gain of 325K jobs in the private sector, much better than the 176K predicted. These wonderful readings led to the grand finale event, the Non-Farm Payrolls, surging higher than expected with an addition of 200,000 and another drop in the unemployment rate. These positive figures raise expectations for a stronger job market in 2012.

In the US, Unemployment Claims, value the number the unemployed that asked for insurance on the past month, about to reduce down to 397K from 402K in November.

The housing sector is relatively stable: this was seen in another positive Construction PMI and another rise in house prices. On the other hand, manufacturing remains sluggish. We will get the last PMI figure and more housing data this week.

Non-Farm Payrolls came out as expected, but the surprising drop in the unemployment rate provided a lot of hope. Also CB Consumer Confidence exceeded expectations with more than 15 point rise reaching 56.0 following months of decline. Can the US economy lead the world once again? There are doubts. Let’s Start

In the US, Unemployment Claims, important sign of overall financial health that measures the unemployment insurance filed on the last week, rise is expected from 397K up to 401K this week

Britain enjoyed some nice growth in Q3, but fresh figures from October are not so good: The manufacturing sector is contracting once again, while construction is doing better and the services sector is struggling.

Last week, 80K jobs were added in the US. Although it was a bit under expectations, the drop in the unemployment rate and upwards revisions of previous data offered  some hope. In Europe, the new president of the ECB decided to cut the rates by 0.25% in his first ECB meeting causing European markets to surge. However the political chaos in Greece over the EU bailout proposal keeps everyone edgy. Will Greece accept the bailout deal or quit the euro?

Britain managed to distance itself from the worsening debt crisis in Europe and enjoyed the diversification of funds towards the sterling, that were proposed by the SNB. This week, a lot depends on the British fundamentals, which are somewhat worrying.