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Re: RULiquid post# 600864

Wednesday, 07/09/2014 3:43:04 PM

Wednesday, July 09, 2014 3:43:04 PM

Post# of 640612
Jobless claims likely to stay low, reflect improved labor market
The U.S. economy is adding jobs at the fastest pace in years and layoffs remain extremely low. So don’t expect the latest weekly report on jobless claims to show any deviation in those trends.

Economists polled by MarketWatch project initial claims will rise to 320,000 in the seven days ended July 5 from 315,000 in the prior week. The number of people filing new applications for unemployment benefits each week has ranged between 298,000 and 327,000 since early May, keeping claims at or near a postrecession low.

If there is a surprise, keeping in mind that the claims figures for July can be tricky to evaluate since it’s one of the most volatile months of the year. The July 4 holiday can skew the report while some major manufacturers such as car makers often retool plants in midsummer. The retooling sometimes leads to a temporary bump in applications for benefits, though auto makers may be less inclined to shut down this year amid surging demand for new vehicles.

The claims report comes out at 8:30 a.m. Eastern.

At 10 a.m., the government will issue wholesale inventories for May. Inventories increased 1.1% in April. http://blogs.marketwatch.com/capitolreport/2014/07/09/jobless-claims-likely-to-stay-low-reflect-improved-labor-market/

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