RIGHT IN LINE: Initial Jobless Claims Flat At 367K

UPDATE:

Snooze: 367K. Right in line. Virtually nothing to see here.

We’re not going to bother writing much more.

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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.

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