Initial Jobless Claims Hit 388K, Last Week Revised Higher

The number:

Nothing too dramatic. 388K is a hair ahead of expectations, and last week was revised a touch higher.

Markets aren’t moving too much on the news.

Background: This number has been just under 400K for a while. Analysts are looking for 383K vs 382K last week.

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