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This week is the survey week for the BLS employment report to be released at the start of the next month.
The data this week should be less influenced by faulty seasonals as a result of the July 4 holiday. As a result, it should be more reflective of the trends in the employment (all things being equal). THe move to the upside in both the initial and continuing claims is suggestive of a weaker employment picture.
This article was written by Greg Michalowski at www.forexlive.com.
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