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US Jobless Claims Elevates to 326K

The most recent jobless claims data shows 326K people claiming unemployment benefits. This bucks a trend of declining claims in the previous couple of weeks, and serves as a reminder that the job market recovery is still vulnerable, and the Fed might need to remove stimulus later rather than sooner.

US Jobless claims (weekly)
Latest: 326K
forecast: 312K
previous: 298K (revised from 297K)


(source: forexfactory.com)

The longer term look, going back to 2008 is still a positive one with claims sliding from above 650K to now just above 300K.

However, a string of jobless claims under 300K will likely be needed to take the pressure off the Fed in terms of looking for stimulus measures.