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Jobless Claim Preview

Initial jobless claims are expected to dip to a three-week low in the latest weekly data, as the U.S. labour market recovery presses ahead while Omicron-related disruptions retreat.

The Labour Department is set to release its latest weekly jobless claims report Thursday at 1530 GMT+2.

Here are the main metrics expected from the print, compared to consensus estimates compiled by Bloomberg:

Initial jobless claims, week ended Feb. 26: 225,000 expected, 232,000 during prior week


Continuing claims, week ended Feb. 19: 1.420 million expected, 1.476 million during prior week.

At 225,000, the expected number of new jobless claims would mark a back-to-back week of declines. Jobless claims rose to nearly 300,000 in mid-January, reflecting some momentary backsliding in the labour market’s improvements as Omicron virus cases surged to a record and seasonal adjustments in data became choppy due to the pandemic over the past two years. Still, claims have fallen precipitously compared to this time last year, with new claims coming in around 750,000 in late February 2021.

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To find out more about Errante, visit https://errante.eu.

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Notely Trading Limited is an Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySec) under license number 383/20, registration number HE394425 and with registered office at 30 Karpenisiou, 1077 Nicosia, Cyprus. The Company is governed by the Markets of Financial Instruments Directive (MiFID II) of the European Union.

The website (www.errante.eu) is operated by Notely Trading Ltd.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 33.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read our Risk Disclosure.

Errante brand is authorised and regulated in other jurisdictions:

Errante Securities (Seychelles) Ltd (https://errante.com/) is regulated by the Seychelles Financial Services Authority (FSA) under license number SD038.

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© 2024 Notely Trading Ltd. All rights reserved.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 33.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Read our Risk Disclosure.

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