Good News On Initial Claims: Number Back Below 400K

pinkslip tbi

Update: It could have been a lot worse…

Initial weekly jobless claims for the week ending July 23 fell from a revised 422k to 398K; its first sub-400K reading in 15 weeks.

Analysts had expected 415K.

No big reaction in markets.

Preview: Initial weekly jobless claims come out at 8:30.

Analysts expect a reading of 415K vs. 418K last week.

Anything in that range (a bit above 400K) will be in line with where this number has been for a long time.

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