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