U.S. Initial Jobless Claims At 445.000; Up 35.000
(For The Week Ending January 8, 2011)
Initial jobless claims in the U.S. were reported at 445.000 vs. 410.000 consensus; last week revised (up 1.000) reading was at 410.000.
Again rising; the fall in initial jobless in last few weeks claims was obviously a product of holiday spirit.
Chart 1. U.S. Initial Jobless Claims