Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Weekly U.S. jobless claims rise to 427,000

Weekly U.S. jobless claims rise to 427,000 (by Jeffry Bartash)

WASHINGTON (MarketWatch) - U.S. applications for unemployment compensation increased by 1,000 to a seasonally adjusted 427,000 in the week ended June 4, according to the Labor Department. Economists surveyed by MarketWatch had expected new requests to decline to 419,000. Initial claims from two weeks ago were revised up to 426,000 from an originally reported 422,000. The average of new claims over the past four weeks, meanwhile, dipped 2,750 to 424,000. The monthly average is considered a more accurate measure of employment trends because it smoothes out week-to-week volatility in the data. The number of people who continued to receive unemployment checks dropped 71,000 to a seasonally adjusted 3.68 million in the week ended May 28. Continuing claims are reported with a one-week lag. The total number of people receiving some kind of state or federal benefit, which is reported with a two-week lag, declined by 89,233 to 7.60 million in week of May 21.