Initial and Continuing Claims more or less as expected. US Trade Deficit improves sharply. Helps 1Q GDP

Written April 9, 2009 at 8:34 AM EST by  

Initial Claims 654K vs 660 K

Contininng Claims 5840K vs 5800

The Employment picture remains bleak.

US Trade Plunges on headline to -26B versus.  Exports up 1.6%.  Imports -5.1%.   The Real Deficit also fell sharply to -35.604 Billion.  Down sharply from -44B.  This is a boost to GDP for the 1st quarter.  This should be good for the stock market overall.  USDJPY should get a boost.greg_michalowski_fxdd_fxtrading01613

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