Recovery in U.S. show up slower than expecting, seeing from Jobless Claim report increased to 276,000 against analysis forecast median of 263,250 jobs which is a greater numbers than Feb 2016 report. However the incremental is still below 300,000 which is an acceptable rate. Counting from Jackson Hole Fed's meeting last week statement was given clear of timeline...
Jobless claims continue to trend down within relevant descending range.
Currently reached a cyclical low, last seen in 2000 and 2006.
Thus the short term unemployment indicator shows that on one hand, situation is improving, but on the other hand it will be difficult to trade lower - and a cyclical upturn in Jobless Claims could be in the cards.