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US Jobless Claims Fall to Lowest Level Since April

The number of claims for unemployment benefits fell last week to a four-month low of 395,000 – a drop of 7,000 claims from the week before. After slowing for two months, it appears that hiring increased in July but doubts persist that the trend continued through August especially in the wake of the debt ceiling debacle and subsequent credit rating downgrade.

Source: Reuters

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I do have a positive mind on this matter. All we need to do is to kneel down and pray. Ask God for his wisdom, He has a better plan for us. Maybe were down today but tomorrow is another day! Have faith, Faith can move mountains!

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Posted by Staff at 7:16 am UTC, 05/24/2012
Posted by Dean Popplewell at 6:32 am UTC, 05/24/2012
Posted by Dean Popplewell at 9:37 am UTC, 05/23/2012
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May
24
Today’s Global
Market Events
8:30am

CAD
Corporate Profits q/q
9.0%
USD
Core Durable Goods Orders m/m
1.1% vs. -0.8%
USD
Unemployment Claims
372K vs. 370K
USD
Durable Goods Orders m/m
0.5% vs. -4.0%
9:00am

EUR
ECB President Draghi Speaks
EUR
Belgium NBB Business Climate
-10.6 vs. -10.7
10:30am

USD
FOMC Member Dudley Speaks
USD
Natural Gas Storage
77B vs. 61B
1:00pm

USD
FOMC Member Dudley Speaks
3:00pm

USD
Treasury Sec Geithner Speaks
7:30pm

JPY
Tokyo Core CPI y/y
-0.5% vs. -0.5%
JPY
National Core CPI y/y
0.1% vs. 0.2%