Initial Jobless Claims Of 444,000 Still Way Too High

pinkslip tbi

Analysts were looking for 440k. This is not a huge miss, obviously, but still disappointing in terms of how elevated jobless claims still are.

The number is a slight improvement from the 451K we saw last week.

Stocks are actually coming in a little, though still look to be heading down.

Continuing claims of 4.59M were a little ahead of expectations.

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 research.businessinsider.com.au.

Tagged In

jobs moneygame-us