Reply To: Traders Market Weekly: Avoid Whiplash, Fasten Your Seatbelts


Weekly initial jobless claims totaled 208,000 (consensus 213,000) following a revised count of 208,000 last week (from 207,000). Continuing claims came in at 1.774 million following last week’s revised count of 1.774 million (from 1.781 million).

Productivity rose 0.3% in the preliminary Q1 reading (consensus 0.8%) following a revised 3.5% increase in Q4 (from 3.2%). Unit labor costs rose 4.7% in the preliminary Q1 reading ( consensus 2.5%) following a flat reading in Q4 (revised from +0.4%).

The trade deficit narrowed to $69.4 billion (consensus -$69.0 billion) from $69.5 billion in February (revised from $68.9 billion).