Initial Jobless Claims Spike To 412,000

pinkslip tbi

Headline: 412,000

Expectations: 385,000

Previous: 382,000

Analysis: That’s a pretty weak number, that moves the 4-week moving average up. Continuing claims, however, dipped a bit.

Dow futures are down on the news.

Don’t miss: A visual history of the recession >

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