Jobless Claims Heading Wrong Direction

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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

S&P 500 2,343.98 -1.98 -0.08%
DJIA 20,596.72 -59.86 -0.29%
NASDAQ 5,828.74 11.04 0.19%
DAX 11,951.50 -112.77 -0.93%
NIKKEI 225 18,985.59 -276.94 -1.44%
HANG SENG 24,193.70 -164.57 -0.68%
USD (per EUR) 1.09 0.00 0.45%
USD (per CHF) 0.98 -0.01 -0.61%
JPY (per USD) 110.16 -0.40 -0.36%
GBP (per USD) 1.26 0.01 0.74%

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