BUZ INVESTORS US Jobless Claims Fall The number of Americans filing for unemployment benefits decreased by 8 thousand to 237 thousand in the week ended June 10th 2017, compared to market expectations of 242 thousand. The four-week moving average, considered a better measure of labor market trends as it removes out week-to-week volatility, rose 1,000 to 243,000 in last week.
Jobless claims have now been below 300,000, a threshold associated with a healthy labor market, for 119 straight weeks, the longest such stretch since 1970. The labor market is near full employment, with the jobless rate at a 16-year low of 4.3 percent.
US Jobless Claims Fall
The number of people still receiving benefits after an initial week of aid increased by 6,000 to 1.94 million in the week ended June 3rd. The continuing claims have now been below 2 million for nine straight weeks. The last time they were consistently under 2 million was in 1973.
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GBPUSD increased 0.0076 or 0.61% GBPUSD BUZ INVESTORS GBPUSD increased 0.0076 At 09:40 GMT, the pair is trading at 1.2415, with the Pound trading marginally lower against US Dollar from the New York close. On the macro front, UK’s consumer price inflation rose more-than-anticipated on a monthly basis in March. The pair witnessed a high […]
Speculators Make Concerted Effort to Pick Bottom in Sterling Buz Investors Speculators Make Concerted Effort Speculators in the futures market increased their gross long sterling position by nearly 20% to 63.6k contracts (+11k) in the reporting week ending October 25. In mid-September the gross long position stood at 40.4k contracts. Not everyone is convinced that […]
British Pound | Data | Chart | Calendar | Forecast | News CURRENCY TRADERS British Pound Forex Exchange Price Closed GBPUSD decreased 0.0100 or 0.76% to 1.3038 on Friday August 4 from 1.3137 in the previous trading session. Historically, the British Pound reached an all time high of 2.86 in December of 1957 and a record […]