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Investing

Slight Rise in Weekly Jobless Claims

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By Jon C. Ogg Published

Weekly Jobless Claims were not changed enough to really matter this last week.  The report showed a gain of 2,000 to 393,000 and the prior week was revised to -2,000 rather than the -5,000.  It is still good to see these under the 400,000 mark but these are still way too high for any meaningful impact on unemployment.

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About the Author 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.

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