The US Labor Department said the number of people seeking unemployment benefits last week fell more than expected to 502,000. This provides evidence that unemployment is easing but the Fed is still worried that the US could be facing a “jobless recovery” where unemployment continues to rise, even though overall, the economy is positive.
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Posted by Dean Popplewell at 9:02 am UTC, 02/10/2012
Posted by Staff at 6:37 am UTC, 02/10/2012
Posted by Dean Popplewell at 6:35 am UTC, 02/10/2012
February
10
Today’s Global
Market Events
Market Events
8:30 am
CAD
Trade Balance
0.7B vs. 1.1B
0.7B vs. 1.1B
USD
Trade Balance
-48.1B vs. -47.8B
-48.1B vs. -47.8B
9:55 am
USD
Prelim UoM Consumer Sentiment
74.4 vs. 75.0
74.4 vs. 75.0
USD
Prelim UoM Inflation Expectations
3.3%
3.3%
12:30 pm
USD
Fed Chairman Bernanke Speaks
12:50 pm
USD
FOMC Member Pianalto Speaks
2:00 pm
USD
Federal Budget Balance
-58.5B vs. -86.0B
-58.5B vs. -86.0B


