Initial Claims: Too Stagnant

Posted July 21, 2011 by Editor

[private]Initial claims rise a more-than-expected 10,000 (Consensus and Decision Economics: +5,000) from a prior-week level revised up by 3,000.  The result blunts hopes that a decisive new downtrend in claims has begun, but still preserves a mild decline in claims between payroll June and payroll July–potentially disrupting only high-end forecasts for July employment.Initial Claims-Too Stagnant – P Ellis 7-21-11[/private]