Jul
16
2009
Initial and Continuing Claims come out better than expected
Posted by: in Forex Tips, tags: Auto Makers, Bias, Downside, Excerpt, Flip Side, Initial Claims, Labor Dept, News Sources, Note However That, PlantsNews Sources wrote an interesting post today on
Here’s a quick excerpt
Initial Claims fall to 522K from 569K. Continuing Claims fall by larger than expected to 6273 from a revised 6915. All are better than expected. NOTE however, that there is a seasonal bias that the Labor Dept says may be effecting the data. Normally, auto makers shut down at this time. Since plants are already idled, they may be influencing the number to the downside. On the flip side, they may have effected the prior numbers to the negative side. The net effect may be to wait and see h
Read the rest of this great post here
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