Blog > US Stocks and Markets > Blog article: TFN accurately forecasts initial claims numbers
 | Email This Article Email This Article  | 

TFN accurately forecasts initial claims numbers

Posted June 5, 2008

Baltimore — (TFN): The Labor Department reported that the number of Americans filing first-time jobless claims unexpectedly fell last week. Initial claims decreased to 357,000 in the week that ended May 31, the lowest level in more than a month.

Analysts had expect new claims to come in at 370,000.

Not TFN, however! Yesterday we wrote: “We believe that growth in the service sector may result in claims around 350,000 or less.”

How’s this for “eerily accurate” forecasting?

****Make sure you sign up for our FREE TFN News Feed for breaking news, special reports and new financial videos. Sign up through your favorite reader here. Or, if you prefer, have the feed delivered to your email.


Related Articles


Posted by J. Christoph Amberger · Filed Under US Stocks and Markets 

Comments

close Reblog this comment
Powered by Disqus · Learn more
blog comments powered by Disqus