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US Jobless Claims Rise for Second Straight Week

The US Labor Department announced today that the number of new claimants for unemployment benefits rose for the second straight week. 484,000 new benefits requests were processed for last week – an increase of 24,000 over the previous week.

The results indicate that employment continues to lag the recovery, but a government official suggested that the Easter weekend and other seasonal adjustments are partly responsible for the increase.

Source: Associated Press

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Posted by Dean Popplewell at 9:37 am UTC, 05/23/2012
Posted by Dean Popplewell at 9:32 am UTC, 05/23/2012
Posted by Staff at 7:27 am UTC, 05/23/2012
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May
23
Today’s Global
Market Events
All Day

EUR
EU Economic Summit
8:30am

CAD
Core Retail Sales m/m
0.5% vs. 0.5%
CAD
Retail Sales m/m
0.4% vs. -0.2%
CAD
Leading Index m/m
0.3% vs. 0.4%
10:00am

USD
New Home Sales
335K vs. 328K
USD
HPI m/m
0.4% vs. 0.3%
10:30am

USD
Crude Oil Inventories
0.8M vs. 2.1M
6:45pm

NZD
Trade Balance
400M vs. 134M
10:00pm

NZD
Annual Budget Release
10:30pm

CNY
HSBC Flash Manufacturing PMI
49.3