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Intraday Economic News: U.S. Initial Jobless Claims Fall To 400,000 Aug 11 Product Image

Intraday Economic News: U.S. Initial Jobless Claims Fall To 400,000 Aug 11

  • Published: August 2011
  • Region: United States
  • Standard & Poors

Abstract
U.S. initial jobless claims reportedly fell 1,000 to 400,000 in the week ended July 30. The reading was a little bit better than the 405,000 that consensus had expected. It comes after last week's reading was revised up to 401,000 from 398,000 claims. So the indicator still hasn't fallen to less than the 400,000 threshold for several months. Continuing claims rose 10,000 to 3.73 million from an upwardly revised 3.72 million the week before (was 3.703 million). The report came in about as expected and will likely be overlooked as markets brace for the government's payrolls report this Friday....

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