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Currency
by ForexNewsNow Team on December 10, 2010

US jobless claims fall even more than forecast, data shows

NEW YORK (Forex News Now) – US jobless claims fell even more than forecast in the past week, data showed on Friday in a major realtime forex news event.

In figures likely to have a positive impact on dollar currency market trading, the Department of Labor said the number of people who filed for unemployment insurance in the last week was 421,000, down from the mark of 438,000 the previous week.

Analysts had expected last week’s figure to come in at 426,000, according to two major online FX trading sites.

The number of unemployed is considered a key indicator of economic health because consumer spending and the labor market are highly correlated.

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