New US Jobless Claims More than Estimated

The US Labor Department announced today that a total of 444,000 new jobless claims were made last week. This is an increase of 11,000 over the previous week and is far more than the 3,000 increase expected by analysts.

The increase was partially due to the laying-off of seasonal workers in the retails, manufacturing, and construction sectors and is typically one of the worst employment weeks of the year.

Associated Press

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.