U.S. Initial Unemployment Claims Fall To 367,000, Lower Than Expected

Before we go to U.S. Let's we touch the Eurozone short news, Eurozone Producer Price Inflation Slows As Expected, Eurozone producer price inflation eased as expected in December, lifting the scope for an interest rate cut from the European Central Bank, the latest figures from Eurostat showed Thursday.

Spain Bond Sale Exceeds Target, Yields Fall, Spain successfully sold more debt than planned at an auction on Thursday that saw declining borrowing costs. The Spanish Treasury raised EUR 4.56 billion from the sale of government bonds known as Bonos. That exceeded the EUR 3.5 billion – EUR 4.5 billion target set for the auction.

U.S. Initial Unemployment Claims Fall To 367,000, Lower Than Expected, New unemployment claims in the U.S. fell to a lower level than most experts had expected according to figures released Thursday by the Labor Department. This could be good moving, For the week ending January 28 the DOL reported a seasonally adjusted level of 367,000 initial claims for unemployment. That marks a decrease of 12,000 from the previous week's revised figure of 379,000 – slightly higher than the 377,000 initially reported. The four-week average of new unemployment claims

U.S. Labor Productivity Up 0.7 Percent In Fourth Quarter, U.S. labor productivity increased by slightly less than expected in the fourth quarter of 2011, with output gains outpacing an increase in hours worked.

So from short detail data according to statistics released Thursday by the Labor Department, fourth quarter worker productivity increased by 0.7 percent. The increase was a reflection of a 3.6 percent increase in output, somewhat offset by a 2.9 percent increase in hours worked. The overall productivity increase fell slightly short of the 0.8 percent increase, what a great moving