Initial Claims fall to 512K. Productivity rises by a record.
Written November 5, 2009 at 8:34 AM EST by Greg Michalowski
The Initial Claims fell to 512K from a revised 532K (vs 530K). The Continuing Claims came in as expected at 5749K down from 5817K.
The surprise was the Productivity. This increased by a record 9.5% for the quarter. This was boosted by a decline in Unit Labor Cost of -5.2% and the fact that bosses are making workers who have a job, work harder. This should help stock prices. Risk trades initially like the numbers. Yen crosses move higher in particular.
Categories: Forex Trading |
Loading ...
No Responses to “Initial Claims fall to 512K. Productivity rises by a record.”
Add a comment