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Forex News: Initial and Continuing Claims are weaker than expectations

Posted by Greg Michalowski on Thu, 07/17/2008 - 7:38am in

Initial and Continuing Claims

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.