Will Weekly Jobless Claims Disappoint or Please the Market?

What is taking place is that the market is worried about a slowing Europe and China, and that has to start weighing on fears that perhaps all the gains in the labor market could be at risk. The trends have been under 300,000 in weekly jobless claims, and any reading that is under 300,000 will likely be acceptable to market participants.

Last week’s report on the four-week average was down 7,250 to a new recovery low of 287,750.

Continuing claims are reported with a one-week lag and make up part of the army of unemployed. Last week’s report was down by 21,000 to 2.381 million, also a recovery low.

With this report being on layoffs, it will be interesting to see if companies are playing the opposite side or same side of the fence as other economic readings.

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