U.S. Jobless Claims rose 13,000 Last week to 336,00, but investors still optimistic…Why? Because..

U.S. Jobless Claims Fell to Five-Year Low Over Past Month

united-states-jobless-claims

Summary:

  • According to this trend you can see the initial Jobless Claims has gone up BUT still is down compared to previous months within the year and also down to a 5 year low, which shows the LABOR MARKET is improving.
  •  Week earlier, claims rose by 13,000 to 336,000, in line with the median forecast of 48 economists surveyed by Bloomberg.
  • The number of people continuing to receive jobless benefits increased by 29,000 to 3 million in the week ended Aug. 10.
  • The employment report for August will be released on Sept. 6.
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Categories: Capital Markets

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  1. US: Initial Claims Rise, But Moderate Growth Expected | Market Curator

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