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Initial Claims 337K Worse than expected

Posted by Greg Michalowski on Thu, 10/18/2007 - 7:32am

Initial Claims rose to 337K with estimates at 315K. The market and stock market will be digesting whether this is the start of deteriorating employment situation or simply an aberration.

Continuing Claims 2534M vs 2.525M

Chance of October Fed cut rises to 70% from the 30% chance a few days ago.