Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Initial Jobless Claims indicator rose during last week, as the number of american citizens in search for a job increased. This could be interpreted as continuing uncertainty about the recovery of US labour market.

Claims rose to 360 000 during last week, from the revised number of 328 000 during the previous period. Experts estimated number of claims to reach 330 000. This turned out to be the strongest weekly increase since November 2012. Current data spoke of an increase in layoffs from work, which had decreased to almost 5 year low during last two weeks.

It was reported that some federal agencies forced their employees to take an unpaid leave, due to initiated budget reduction.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Grain futures mixed, corn and soybeans advanced on Midwest rainsGrain futures mixed, corn and soybeans advanced on Midwest rains Grain futures were mixed on Monday with soybeans advancing, while corn and wheat fell. Rain forecasts in the Midwest were expected to delay harvests, while improving weather conditions in the Black Sea region boosted wheat crop prospects in […]
  • BHP Billiton Plc’ share price down, to spin off $15bn of assetsBHP Billiton Plc’ share price down, to spin off $15bn of assets BHP Billiton Plc shares dropped as the company announced a plan to divest a large portion of its assets, including silver, aluminum, manganese and coal plants and mines, as the company drives towards a simpler and more manageable […]
  • Rupee Near Record Low as Oil, Reserve Concerns WeighRupee Near Record Low as Oil, Reserve Concerns Weigh Key Moments USD/INR trades near 95.95, close to its all-time high, as the Rupee faces strong selling pressure. India lifts import duties on Gold and Silver to 15% from 6%, raising market concerns about forex reserve […]
  • Microsoft shareholders press on  Gates to step down as chairmanMicrosoft shareholders press on Gates to step down as chairman Three of the top 20 investors in Microsoft Corp are persuading the board to press for Bill Gates to step down as chairman of the software company in order to facilitate a change in strategy, according to people familiar with matter.There […]
  • Forex Market: GBP/USD daily trading outlookForex Market: GBP/USD daily trading outlook Yesterday’s trade saw GBP/USD within the range of 1.4007-1.4171. The pair closed at 1.4131, shedding 0.18% on a daily basis. It has been the 38th drop in the past 68 trading days and also a second consecutive one. The daily low has been the […]
  • Morgan Stanley Posts Strong Quarter on Dealmaking, TradingMorgan Stanley Posts Strong Quarter on Dealmaking, Trading Key Moments Morgan Stanley’s first-quarter profit increased to $5.6 billion, or $3.43 per share, from $4.3 billion, or $2.60 per share, a year earlier. Investment banking revenue rose 36% to $2.12 billion, while equity trading […]