Trading Economics Jobless Claims

Driving the trading about 1 2 million filed new claims for unemployment benefits for the week ended aug. Where he provided market analysis on economic data and. Jobless claims appear to have bucked the downtrend.

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Looking forward we estimate initial jobless claims in the united states to stand at 237 91 in 12 months time.

Trading economics jobless claims. Initial jobless claims in the united states is expected to be 220 00 thousand by the end of this quarter according to trading economics global macro models and analysts expectations. Looking forward we estimate continuing jobless claims in the united states to stand at 3000 00 in 12 months time. The 4 week moving average of us initial jobless claims which removes week to week volatility eased to 1 38 million in the week ended july 11th from 1 44 million in the previous period. Continuing jobless claims in the united states is expected to be 14000 00 thousand by the end of this quarter according to trading economics global macro models and analysts expectations.

During the economic downturn caused by the spread of the covid 19 virus weekly jobless claims in the u s. Follow the candle trend until candles stop breaking higher. Intraday short trading from resistance edges like the old highs or bigger moving averages will give you the least risk event for engaging. It was the 18th straight week in which initial claims totaled more than 1 million and it snapped a 15 week streak of declining initial claims.

The labor department said thursday initial jobless claims came in at 1 416 million for the week ending july 18. Soared to historical levels as companies reduced their payrolls as business was halted. The dow jones is trading lower because the u. Stock trading popularity might start to lose some of its sizzle as sports make.

1 fewer than the 1 4 million analysts expected but still at historically high levels. The number of new claims had declined for 15 consecutive weeks before ticking higher in the week ended july 18. Jobless claims outbreaks economic numbers weaken jun 25 2020. Economists polled by dow jones expected 1 3 million.

Jobless claims 4 week average in the united states averaged 366 14 thousand from 1967 until 2020 reaching an all time high of 5790 25 thousand in april of 2020 and a record low of 179 thousand in may of 1969. June 25 2020. Economy has reported higher initial jobless claims for the first time since march. Initial jobless claims measure the number of americans filing for first time unemployment benefits.

Initial jobless claims increased to 1 416.