U.S. ECONOMICS: U.S. Weekly Jobless Claims Preview

U.S. initial jobless claims (8:30 a.m. ET)for the week ended May 10 are expected to see a 2,000 drop to 317,000 from 319,000 (consensus range a wide 300,000 to 325,000). The 26,000 initial claims drop to 319,000 in the first week of May capped the prior three-week climb to a 345,000 (was 344,000) recent-high in the week of Easter from a 301,000 cycle-low at the start of April.

Claims are settling in the 320,000-to- 325,000 area following big April gyrations that are generally attributed to a late Easter with some post-winter tightening. The lean claims trajectory into May suggests upside risk for the May jobs report, where a 200,000-payroll gain is expected.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.