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- U.S. Initial Jobless Claims: A drop expected to 4.2M – TDS
U.S. Initial Jobless Claims: A drop expected to 4.2M – TDS
FXStreet notes that the U.S. Administration will release Initial Jobless Claims data on Thursday at 12:30 GMT. Economists at TD Securities shared their forecast.
“Google search activity suggests that jobless claims will fall again, with the level still extraordinarily high. We forecast a drop to 4.2 million from 5.2 million last week and as high as 6.9 million in the last week of March.”
“We estimate an extra 19.3 million claims relative to the previous trend over the last four weeks, equivalent to 11.7% of the labor force. That number will rise to 23.2mn, or 14.1% of the labor force if our forecast for the upcoming week is realized.”
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