BAD NEWS ON JOBS: Initial Claims Rise To 417,000

pinkslip tbi

The number: Initial claims rose to 417K from 408K, versus expectations for a slight decline.

Continuing claims declined from 3721K to 3641K, the lowest level in months.

4-week moving average up 4K to 407,500.

The market doesn’t seem to be moving on the number. The trend in claims suggests stagnation more than everything else.

Preview: A Bloomberg survey expects a decline in initial claims to 405K from 408K last week. Finviz shows a decline to 400K. A Marketwatch survey expects an increase to 410K. 

In other words, no one expects a big change.

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