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U.S. Day Ahead: Why jobless claims matter

Wednesday, August 29, 2012 - 02:15

Aug 29 - Investors, digging in before Bernanke's big speech on Friday, should focus on initial jobless claims for clues about what the critical jobs report will look like in August.

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The clock is ticking to Ben Bernanke's critical speech on Friday meanwhile investors are getting ready for what he might say they're digging in and saying classes with her cash. But here's one fact that this has the potential to shake things up initial jobless claims out in the morning yes we get them every week but these numbers will be used to help calculate the upcoming jobs report which -- -- is obsessing over right now. On continuing claims. Fall slightly but rise above the -- level of 3.4 million I have -- -- expect the unemployment -- to take up to eight point 4%. It claims dropped below three point 25 and expect the rate to drop back to eight point 2%. Speaking with the economy American shoppers aren't showing much views it as a according to exclusive Thomson Reuters analysis. Think store sales are set to grow but by only half that rate from a year ago to the way consumers feeling less upbeat about the recovery. How could we forget that Jackson Hole economic symposium. I think three times fast. It starts Tuesday evening and policy makers and other bigwigs will descend on the picturesque resort for two days to talk about how to mend a broken recovery. Writers won't be there with live coverage on Friday will bring you expert analysis and reaction to Bernanke's speech. I keep that I had -- shares perhaps one of the biggest surprises of the week. They shot up over 20% after a lock up and it. Which -- insiders were free to treat their holdings most expecting a sell off the traders to bet against the company were forced to buy the same lock up expiration had the opposite effect on FaceBook and social network. Well after more shares flooded the market it is still 50%. Below its IPO price. At -- orders from the big stories of the day we are all over the Republican Convention with live coverage at 11:30 AM eastern on Reuters dot com. Don't forget it's Mitt Romney's big acceptance speech in the evening. We may hear more about his plans -- of the US economy and the big market numbers follow us on Twitter at writers and signers. I'm Rhonda --

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U.S. Day Ahead: Why jobless claims matter

Wednesday, August 29, 2012 - 02:15