Reply To: China and America, a Tale of Two Markets – Traders Market Weekly

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MoneyNeverSleeps
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Initial jobless claims for the week ending February 10 decreased 8,000 to 212,000 (consensus 221,000). Continuing jobless claims for the week ending February 3 increased 30,000 to 1.895 million.

The key takeaway from the report is that the low level of initial claims support an economy operating in growth mode; however, the rising level of continuing jobless claims underscores a rising level of challenge in finding a new job after a layoff.