In the morning, the U.S. Department of Labor released
its weekly Initial Jobless Claims report.
Average
weekly initial jobless claims are one of the 10 components of The Conference Board Leading Economic Index.
For example,
weekly initial jobless claims are currently running at around the 345,000 level, which in the past has been consistent with monthly employment gains of around 150,000; the manufacturing ISM employment index is at a 20 - year high; and growth in temporary - help services employment (which tends to lead overall employment) has picked up.
The market is expected to see
the weekly initial jobless claims data and the trade balance in the US with focus on Friday's non-farm payroll report.
Not exact matches
The economics calendar will be busy Thursday, with the
weekly report on
initial jobless claims, as well as readings on worker productivity and the trade balance are all due at 8:30 AM ET (1230GMT).