Published on FXDD (http://forex.fxdd.com)
Forex News: Initial and Continuing Claims are weaker than expectations
By Greg Michalowski
Created Jul 17 2008 - 7:38am

Initial Claims came in at 366,000 versus 380,000 expected.
Continuing Claims came in at 3,122,000 versus 3,180,000 expected.  Last week was a 4 1/2 year high.

The data is apparently being influenced by the automakers as they upgrade factories.  This often leads to temporary layoffs for the industry. 


Source URL: http://forex.fxdd.com/trading-news/5338/forex-news%3A-initial-and-continuing-claims-are-weaker-expectations