Jobless Claims Heading Wrong Direction

The Labor Department is out with its report on weekly jobless claims.  Today's report came to 372,000 and that was a gain of 4,000 after last week's report was revised higher to 368,000 from a preliminary report of 366,000. Bloomberg and Dow Jones were both calling for a consensus of 365,000. While this was not much different and is not likely to move the markets much, this is a trend higher and a trend that is heading in the wrong direction.

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Filed under: 24/7 Wall St. Wire, General
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Markets

NASDAQ 6,782.79 -10.50 -0.15%
S&P 500 2,578.85 -6.79 -0.26%
DJIA 23,358.24 -100.12 -0.43%
NIKKEI 225 22,396.80 45.68 0.20%
HANG SENG 29,199.04 180.28 0.62%
DAX 12,993.73 -53.49 -0.41%
USD (per EUR) 1.18 0.00 0.05%
USD (per CHF) 0.99 0.00 0.03%
JPY (per USD) 112.08 0.02 0.01%
GBP (per USD) 1.32 0.00 0.02%

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