Thursday, September 17, 2009

Weekly New Jobless Claims (Sep,17th)

The current level is 545,000. Bulls might argue that this is a fantastic number,but they are confused because they don't pay attention that jobs pole shrinked significantly due to heavy layoff in last couple months and comppanies fired employees on a unpresented rate. unless the retails sales won't be as good as economist anticipating we should not see expolntinal growth in unemployment. but if retail sales faille to satizfy the expectations we should see the second round of layoffs. Continuing claims increased 129,000. this very bad news, because it shows people have tough time to finding job.