U.S. Initial Jobless Claims

Another negative data for the unemployment with an increase in initial jobless claims by 6,000.  Prior week is now at 380,000 which is 3,000 higher than the initial estimate. Though still below the 52-week moving average 386,000 is now very close to the important resistance at 390,000. Continuing deterioration in the unemployment figures can reverse the downtrend that has been intact since the first quarter of 2009. This will not bode well for the unemployment that is now at 8.2%