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US Jobless Claims Surge After a Month, Signaling Job Growth

April, 21 2017
watermark Economic news

The latest US jobless claims data surged after almost four weeks, signal a consistent growth in jobs after Americans applying for unemployment benefits increased during the previous week but remained within a relatively low range. Initial jobless claims surged by 10,000 and clocking in at 244,000 last April 15. Economists had been initially expecting a reading of 240,000 new jobless claims, with the claims two weeks ago recording at an unrevised 234,000. The jobless claims had surged for the first time since March 18.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.