US Jobless Claims at 357K – Within Expectations

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US Jobless Claims stand at 357K.

Early expectations stood on a small slide from the initially reported 359K to 355K.

Last week’s figure was revised to the upside: from 359K to 363K. This isn’t a big change.

The amount of initial unemployment claims has been very steady recently – between 350K and 360K generally speaking.

According to some analysts, a figure under 400K implies an ongoing drop in the unemployment rate.

The result of a consistently improving job market is that some discouraged people return to seek a job. This may raise the unemployment rate, even if the actual workforce rises.

Earlier job related indicators were OK earlier in the week: ADP showed a gain of 209K jobs in the private sector, within expectations and a solid number in general.

US Manufacturing and also Non-Manufacturing PMIs both included a rising employment component. This implies a nice gain in Friday’s Non-Farm Payrolls.

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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