GROWTH CONCERNS RATTLE MARKETS, EVERY SECOND DAY... US initial jobless claims continued to move lower last week with a decline to 287k reported

David Scutt

Scutt Partners

GROWTH CONCERNS RATTLE MARKETS, EVERY SECOND DAY... US initial jobless claims continued to move lower last week with a decline to 287k reported. The reading was fractionally below the 288k pace of the previous corresponding week and expectations for an increase to 295k and left the 4-week series average, the best gauge in my opinion, at 287,750, the lowest level recorded since early February 2006. Adding to the good news there, continuing claims fell to 2.381m, a level last seen in early May 2006... (VIEW LINK)


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Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...

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