US Unemployment Claims Still Pointing to a Strong Jobs Component

The number of Americans seeking unemployment benefits rose slightly last week yet remained at a low level consistent with solid job growth.

The Labor Department says weekly applications for jobless aid rose 3,000 to a seasonally adjusted 267,000. The four-week average, a less volatile figure, declined to 271,750.

Applications are a proxy for layoffs and are at historically low levels that suggest companies are confident in the economy and determined to hold onto their staffs. The four-week average fell to a 15-year low last month.

via CNBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza