Us unemployment claims Surged By 20,000

Monexnews-the number of u.s. citizens applying for unemployment benefits surged 20,000 new be 362,000 in the week ending on February 16 and then, according to the U.S. Labor Department reports.

Those results were worse than expectations of a rise of 355.000 economists. The previous week's figure also was revised up from a thin 342.000 341.000 prior publication. However, the increase in the claims still indicated a slow but steady growth in the U.S. labor market.

Some analysts have argued if the federal holiday on Monday and may have affected the calculations, that makes data from four States, including California and Virginia, could not be finished on time and had to use estimation.

While the average new claims in four weeks, which is considered more accurately depicts the U.S. labor market trends, rose by 8,000 to the highest level since the beginning of the year 2013 be 360.750. (vid)

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Oil Surged, Driven By The Rise In Us Equities

Monexnews-the price of oil rose on Tuesday as the buying action tarder amid a rally on U.S. stock exchanges, though still bermasalahnya pipelines in the u.s. and concerns over European economy threatened to overload the oil market.

"Oil traders see skyrocketing equity and decided to buy oil as well," said Tim Evans, analyst at Citi Futures in New York. " Some people may think that oil demand driven by the equity relinya. But perhaps the correlation is not based on the trade flow analysis in the oil market. "

U.S. oil futures rose although operators who produce oil barrels per day 400.00 from Seaway pipeline say that their path is not able to reach full capacity in the future, so that the potential occurrence of a surplus in crude oil AS in the Midwest.

(fsyl)

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