The number: Basically exactly flat, and not a market-moving number.
Last week was revised higher to 401K.
It could be worse.
All eyes turn to the jobs report tomorrow.
Original post: The latest labour data: Initial claims for last week comes out at 8:30, and analysts expect an uptick from 398K to 405K.
Given the general weakness of late, anything in this range should be a little relief.
There is a chance of a surprise spike due to the situation at the FAA resulting in (perhaps) up to 70K people unexpectedly out of work.
We’ll have it here LIVE.