Jobless Claims in US

11/17/2011 United States Department of Labor released the first-time jobless claims dropped last week,

The initial claims level declined from 393,000 for the week ending Nov. 5 to 388,000 for the week ending Nov. 12. The consensus expected the initial claims level to increase to 398,000.
The continuing claims level declined from 3.665 men for the week ending Oct. 29 to 3.608 men for the week ending Nov.5. The consensus expected the continuing claims level to fall to 3.648 men.
This is the lowest level of initial claims since April.
Normally, a claims level below 410,000 would suggest that nonfarm payroll growth should exceed the 100,000
Necessary to support normal labor force growth. Even though businesses have slowed the number of layoffs, they
have been reluctant to hire new workers. Instead of expecting 100,000 new jobs, we now expect gains of only 75,000.
This type of slow improvement in the labor sector is consistent with the sub-par/moderate GDP growth we expect over the next several quarters.

 the Dow Jones industrial average futures rose 22 points, and 11,867, or 0.19%, and NASDAQ 100 futures up 1.25 points at 2,315 points, or 0.05% the standard and poor's 500 index futures rose 1.7, 1232.7, or 0.14%.

An enlarged decline in the European market Thursday afternoon, the Pan-European STOXX 600 index 1.8%. Spain and France the Government auction Treasury bonds on Thursday, its borrowing costs to rise significantly. Spain's 10-year government bond yields rose to euro-era highs.

France's 10-year government bond yields rose by 8 basis points to 3.79% on Thursday, with Germany's 10-year government bond yields poor broke through 200 basis points, for the first time since the creation of the eurozone Government bond spreads exceeded 2%.

Commodity futures prices on Thursday the same pressure.

Crude oil futures for delivery in December fell by 2.2 BN, 100.39 dollars a barrel. Gold Futures for December delivery tumbled $ 33, $ 1741.3 per ounce.

EUR/USD (1.3500,0.0038,0.28%) exchange rate was flat, at 1.3451. Dollar index flat at 78.349.

Economic data, United States Department of labor reported that the United States first-time claims for unemployment benefits reduced by 5,000 last week, total to 388,000.

A separate report showed that United States in October, new housing starts figures 0.3%, fell to 628,000, but new definitions today, above market expectations. Building permits for October climbed to highs since March 2010.
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