Search ForexCrunch

American weekly unemployment claims dropped to 421K, pushing down the 4 week moving average once again. It already reached 407K two weeks ago and rose last week to 438K (revised from 436K). This raises some questions about the accuracy of the weak Non-Farm Payrolls that we saw this Friday – they disappointed with a job gain of only 39K, when 150K was expected.

Is the US job market recovering?