Snooze: 367K. Right in line. Virtually nothing to see here.
We’re not going to bother writing much more.
ORIGINAL POST: The big datapoint of the day: Initial jobless claims.
Analysts expect 368K, up a hair from 365K.
This number had been spiking for a few weeks (worrying everyone) and then fell back last week (much to everyone’s relief), so today’s number will (as always) be watched closely.
Here’s a chart looking at how things have been since the beginning of last year.
The number comes out at 8:30 AM ET.