U.S. Initial Jobless Claims Hold Level At 351,000, European Commission Cuts Eurozone GDP Outlook

Latest data from Labor Department U.S. Initial Jobless Claims Hold Level At 351,000, New unemployment claims for the past week came in lower than expected according to figures released Thursday by the Labor Department. The report puts the seasonally adjusted level of new claims for unemployment at 351,000 for the week ending February 18, essentially unchanged from the previous week's revised figure of 351,000. It is an ideal data

Meanwhile, European Commission Cuts Eurozone GDP Outlook, Sees Mild Recession, Euro area is set to enter a mild recession in 2012 after the economic recovery stalled unexpectedly late last year, and given the pronounced growth divergence among member nations, the European Commission said Thursday.

From U.K. Latest manufacturers data we reported U.K. Manufacturers Forecast Output To Grow: CBI, British manufacturers expect production to improve over the coming three months, a survey carried out by the Confederation of British Industry showed Thursday.