The four-week average came to a drop of 4,000 to 427,500 claims.
The army unemployed measured by the continuing jobless claims fell 191,000 to 4.086 million from a prior revised figure of 4.277 million.
While the figures are a slight bit better than expected, this is just a market-neutral figure. It is just too close to estimates to matter. We are also still quite a ways off from the jobs market improving and this release is not expected to help the latest unemployment report.
JON C. OGG
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
Our top personal finance-related articles today. Your wallet will thank you later.
Top Gaining Stocks
Top Losing Stocks