Economic Preview: Jobless Claims, Consumer Credit Due Thursday, Wednesday, June 06, 2007 3:49:27 PM

Thursday will see the release of two important economic reports. In the morning, data on weekly jobless claims will be released. Later in the day, the markets will see the release of a report on consumer credit in April.

Thursday morning will also see the release of weekly jobless claims data. This report measures the number of people filing for first-time unemployment insurance, with a lower number pointing to a firmer labor market. Economists expect claims to increase slightly for the week ended on June 2, after falling 4,000 in the previous week to reach a level of 310,000.

Later in the day, data on consumer credit for April will be release. The report can give insight to the state of consumer finances and possible future spending patterns. Consumer credit for April is expected to decline to $5.08 billion from the $13.5 billion posted in March.

Copyright © 2007 RTTNews.com. All Rights Reserved.