Jobless Claims AS Rise July 2017

The US Labor Department on Thursday released its weekly Jobless Claims data that rose past the previous period as well as snapping economists' expectations. However, data sets such as ADP that look "red" and the US Trade Balance in May narrowed, making the movement of Greenback varied versus major currency such as Euro, Sterling, Yen and Swiss Franc Claim Unemployment Up 3 Week Away, ADP Down
According to data published by the US Department of Labor, the number of US citizens who declared themselves job loss increased by 4,000 to 248,000 in the calculation of the press which expired on 1 July. Forecast economists previously forecast Jobless Claims last week will drop to 243,000.
It became the 122nd week in a row. US Jobless Claims fell below the 300,000 mark to be the threshold of measuring the health of the Uncle Sam's labor market. The average number (Moving Average) over the past four weeks rose 750 to 243,000 last week.
Meanwhile, US private-sector employment data for June added 158,000 new jobs, below economists' expectations of 184,000. While the May ADP data was revised down from 253,000 to 230,000.

Export Record High 2 Years Record, US Trade Deficit narrows
A series of US Fundamental Data releases tonight also came from the US Trade Balance where the trade deficit in May narrowed after Export recorded the biggest 2-year increase. Although the deficit narrowed, but still has the potential to burden the growth of the US economy second quarter 2017.
The Commerce Department released a US trade deficit gap in May that shrank 2.3 percent to 46.5 billion dollars from the April period of 47.6 billion dollars. Forecast economists through a Reuters poll earlier predicted the deficit would drop to 46.3 billion dollars during the May period.
US exports in May rose 0.4 percent to 192 billion dollars - as high as 2 years - with the largest contributor to mobile phone shipments and household goods. Exports to China rose 3.6 percent, exports to Mexico rose 5.4 percent and exports to Canada rose 9.6 percent.
US May imports fell 0.1 percent to 238.5 billion dollars. Decrease in imports of motor vehicles and spare parts. Imports from China rose 11.6 percent and oil imports by 265 million barrels, the most since August 2012.