Initial Jobless Claims Surge 25K

pinkslip tbi

Headline: 429,000

Expectations: 395,000

Analysis: Last week, initial claims came in below expectations, above the 400,000 mark. This number was revised higher, to 404,000.

This is now two weeks in a row above the all important 400,000 number.

Don’t miss: The 10 signs the economy is slowing down >

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