KEY POINTS CNBC
New filings for jobless claims totaled 881,000 last week, better than the 950,000 Dow Jones estimate.
The number reflects both an improving labor market as well as a change in the methodology used by the Labor Department.
Continuing claims fell to 13.3 million, a drop of more than 1.2 million from the previous week.
This jobs number should ease some recession fears, although next weeks CPI will be a key indicator as we all know. Payrolls were up 372,00 better than expected with the unemployment rate remains at 3.
It is incredible the products the CME Group keep developing to efficiently manage risk. Coming in October they will be releasing products that lenders and other institutional financial market users wi
The CME in August will be introducing a new Lumber Futures Contract that is very beneficial to hedgers. Her are the highlights... New Lumber futures and options Launching on August 8* barcharts.com Th