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  • Editor’s Picks / Yesterday at 13:12 GMT

    US jobless claims fall to lowest level in five weeks

    Aided by improving weather, jobless claims in the US fell by 9,000 to 282,000 this week. The print comes in below expectations, with the median forecast of 52 economists surveyed by Bloomberg standing at 290,000. The robust employment data represent a rare bullish signal from the US economy, where many indicators are beginning to show signs of weakening. According to Bloomberg, "while purchases of new homes unexpectedly climbed in February, housing starts slumped, industrial production cooled, retail sales weakened, and orders for durable goods unexpectedly dropped." Investors are keeping a watchful eye on US economic data as they attempt to forecast when the Federal Reserve will hike interest rates.
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  • Article / Yesterday at 6:02 GMT

    3 Numbers: German consumers upbeat, US jobless claims, US services PMI

    editor/analyst /
    United States
    3 Numbers: German consumers upbeat, US jobless claims, US services PMI
    Data releases for Germany are going from strength to strength, and today’s Gfk release should point to consumer optimism in Europe's leading economy. On the other side of the Atlantic, initial jobless claims are expected to tick up slightly. But the prevailing view is that recent turbulence in the US economy is only temporary, and it will give way to strong numbers as spring updates unfold. And if today’s services sector PMI is as bullish as expected, then there is a strong case for expecting that the US will stay on a solid growth path for the near term.
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  • Editor’s Picks / 19 March 2015 at 13:39 GMT

    US jobless claims up slightly

    First-quarter growth in the US appears to have moderated, just as was hinted by yesterday's Federal Open Market Committee statement. Today's jobless claims data show that the number of initial claims for unemployment benefits rose to (a seasonally adjusted) 291,000 last week – up 1,000 for the previous week. According to Reuters, "the four-week moving average of claims rose 2,250 to 304,750 last week," pointing to a small but significant slackening of recent US outperformance. In a separate report, the US Commerce Department stated that the country's current account gap increased to $113.5 billion from $98.9 billion in the third quarter.
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