US: Another very weak claims report |
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In the week ended September 27 initial claims rose 1 000 from an upwardly revised 496 000 to 497 000, while the consensus was looking for an outcome of 475 000. Also continuing claims came out higher than expected at 3 591 000 and the previous figure was slightly upwardly revised to 3 543 000. Initial claims are at a sevenyear high, but the press release indicated that the hurricanes Ike and Gustav have added around 45 000 claims to the total. However, this weak outcome raises fears for a weak
Filed under: Fundamental
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