Another Disappointment: 480,000 New Jobless Claims

pinkslip tbi

Economists had been looking and hoping for about 458,000, so today’s continuing claims number of 480,000 is a disappointment.

It’s also up 8,000 from last year.

Anyway, the big number is tomorrow, when the unemployment rate comes out. Analysts are looking for 10.0% on the button.

Dow futures are now off by about 90 points.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.