Published on FXDD (http://forex.fxdd.com)
Forex News: US Initial Claims higher than expected. Continuing Claims
By Greg Michalowski
Created Jul 24 2008 - 7:36am

Initial Claims: 406,000 versus from revised 372,000.  Higher than expected (376,000ish).  4 week moving average 382,500 from 378,000 prior week

Continuing Claims: 3,107,000 versus 3.104,000.  Down on the week.

The largest increase was in NY. 

The number suggests continued weakness in the employment sector as companies trim staff to offset higher costs.


Source URL: http://forex.fxdd.com/trading-news/5477/forex-news%3A-us-initial-claims-higher-expected.-continuing-claims