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 decline to 385,000

Weekly U.S. jobless claims decline to 385,000 (by Jeffry Bartash)

WASHINGTON (MarketWatch) - The number of people who filed applications for jobless benefits fell by 16,000 last week to 385,000, the Labor Department said Thursday. Claims in the prior week were revised up by 4,000 to 401,000. Economists polled by MarketWatch had expected first-time claims to fall to a seasonally adjusted 389,000 in the week ended March 12. The four-week average of claims dropped 7,000 to 386,250. The four-week average is considered more accurate barometer of employment trends because it lessens week-to-week volatility in the data. Continuing claims decreased by 80,000 to 3.71 million. Altogether, 8.95 million people received some kind of state or federal benefit in the week of Feb. 26, up almost 181,000 from the prior week.