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US Unemployment Claims fall unexpectedly in the week ending August 4th

2018-08-09 04:31 pm | Resource: NEWS | No Views : 111

 Claims for the first time on US jobless claims posted an unexpected drop in the week ending Aug. 4, according to a report released by the Labor Department on Thursday.

Initial jobless claims fell to 213,000, down 6,000 from last week's revised level of 219,000, the report said.

Economists had expected jobless claims to reach 220,000 from 218,000 originally reported the previous week.

The Ministry of Labor said the fourth-week moving average was down to 214.250, down 500 from last week's average of 214.750.

Meanwhile, the report said claims continued, with the number of people receiving ongoing unemployment assistance rising by 29,000 to 1.755 million in the week ending July 28.

The four-week moving average for continuing claims also rose to 1745250, an increase of

Last Friday, the Labor Department released a separate report showing much weaker than expected growth in July.

Employment in non-farm jobs rose 157,000 jobs in July after rising 248,000 jobs in June, the Labor Department said.

Economists had expected an increase in the number of jobs by about 190 thousand jobs compared to the jump of 213 thousand jobs announced the previous month.

Despite a weaker-than-expected job growth, the unemployment rate fell to 3.9 percent in July from 4.0 percent in June, equaling estimates.

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Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 22 February 2019

Time frame Used - four hours The USD/JPY is moving in a sideway direction in the near term. The USD/JPY is still facing resistance and selling pressure around levels of  111.42 - 110.92 as the USD/JPY is floating in a narrow range and the USD/JPY is moving above the Bollinger's moving average line within the narrow range, indicating a potential price explosion but Not yet determined in any direction. In…

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