US weekly initial jobless claims 217K vs 218K expected ...Middle East

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US weekly initial jobless claims 217K vs 218K expected
source : forex live ( Middle East ) () 10
Prior initial claims 217K (revised to 220K)Continuing claims 1.834m vs 1.820m expectedPrior continuing 1.818mIt's tough to get excited about this report because even if claims were 50K higher, they still wouldn't be some kind of recession red flag. There's no pain in the economy until this gets to 300K. That said, the trend lately has been higher so maybe we're on our way there.One school of thought on initial jobless claims is to pay closer attention to the revisions as well, as they reveal the underlying trend. Still, I'm not going to get excited about a 3K revision. This article was written by Adam Button at www.forexlive.com.

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