IB Traders Insight - Macro - US initial jobless claims - We thought we’d shake our chart of the day up a little in a manner that fits the early reading of sentiment as stock index futures plunge. The latest weekly jobless claims data was about in-line with forecast, coming in at 302,000. However, the prior weekly reading was massaged lower to 279,000 making it the lowest count since 2000. In addition the four-week moving average slipped to its lowest level in eight years. That suggests that more employers are hanging on to workers in a sign of confidence that demand continues to impact the bottom line in a positive way. (Full article available here: bit.ly/WOXG1X).
Posted on: Thu, 31 Jul 2014 13:22:31 +0000
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