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.

MORE TO FOLLOW


Filed under: 24/7 Wall St. Wire, General
Read Full Story

Markets

DJIA 25,444.34 64.89 0.26%
NASDAQ 7,449.03 -36.11 -0.48%
NIKKEI 225 22,532.08 -126.08 -0.56%
HANG SENG 25,561.40 106.85 0.42%
DAX 11,553.83 -35.38 -0.31%
USD (per EUR) 1.15 0.01 0.67%
USD (per CHF) 1.00 0.00 0.02%
JPY (per USD) 112.55 0.37 0.33%
GBP (per USD) 1.31 0.01 0.40%