Initial claims, at 2.4 million, would be the lowest since the foreclosure escalation began. The prices of the industrial disaster in the United States have been evaluated for more than a month and none of the statistics has brought currencies, bonds or stocks out of their recent trading ranges, informs Joseph Trevisani of FXStreet.
“Initial applications are expected to add 2.4 million more people to the jobless roll during the week of May 15, bringing the total to 38.871 million or 23.6% of the unemployed US workforce in the nine last weeks. Continuing claims are expected to add 1,932 million to 24,765 million. “
Continuous claims are the key to tracking recovery. As long as there are no more layoffs than hirings, this is not in progress. This week’s numbers probably won’t show this improvement, but if and when it does happen for the first time, the markets will abandon their recklessness and react. “