Jobless Claims and Forex Trading

245617 Resource 128460 120646 120646 1258640349072 1258640349072 Controlled U.S. Jobless Claims Remain Steady

Unemployment claims at 10-month low

It appears that, for now, the employment picture may be leveling off and stabilizing. U.S. jobless claims are holding steady near 10-month lows, according to a report from the U.S. government. There was essential no change in the number of initial jobless claims filed, and it appears that continuing claims fell. However, it is important to recognize the caveats associated with continuing claims data, as <a href="http://money.cnn.com/2009/11/19/news/economy/initial_jobless_claims/index.htm?section=money_topstories" target="_blank" title="jobless claims, unemployment, economic recovery, continuing claims, initial claims, economy, double-dip recession">CNN Money</a> explains: <blockquote> Continuing claims reflect people filing each week after their initial claim until the end of their standard benefits, which usually last 26 weeks. The figures do not include those who have moved to state or federal extensions, nor people who have exhausted their benefits. </blockquote> Even so, the fact that initial claims are holding steady is good news. It will be even better news if the labor market manages to show some solid improvement. One of the issues stymieing economic recovery and threatening a <a href="http://blog.gftuk.com/public/item/245483" target="_blank" title="jobless claims, unemployment, economic recovery, continuing claims, initial claims, economy, double-dip recession">double-dip recession</a> is the fact that jobs have been so scarce, and that lay-offs continue. 9 application/xml false continuing claims double-dip recession economic recovery economy initial claims jobless claims unemployment Jobless Claims and Forex Trading Economic data for forex traders http://www.fx360.com/land/?item=calendar&aid=7358 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.1.5) Gecko/20091102 Firefox/3.5.5 GTB5 127.0.0.1 127.0.0.1 mmarquit 63.248.48.57 false true false false true 128460 blog blogsite/GFTForex/web