US initial jobless claims fell from an upwardly revised 195K to 189K in the week ending October 31, below market expectations of 197K, according to the Labor Department. The previous week’s reading was revised up from 194K. The four-week moving average declined from 197.00K to 194.75K, reinforcing the picture of subdued layoff activity. Initial claims […]

The post US Jobless Claims Fall to 189K as Layoffs Stay Subdued, but Continuing Claims Edge Higher appeared first on ActionForex.