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US Jobless Claims Fall – Was the NFP Too Weak?

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?

Yohay Elam

Yohay Elam

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 a 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.