Good, sub-400K numbers!
For the first time in ages, initial jobless claims dropped below 400K per week, falling from a revised 406K to 397K.
This is ahead of the 400K that analysts were expecting.
Continuing claims fell again, from a revised 3698K to 3683K.
The really goodnews here is that this number is not only blowing higher, it’s improving steadily, week after week.
An economy that’s worsening would not be showing these numbers.
Original post: The first hot economic datapoint of the day is coming up at 8:30 AM ET.
Initial jobless claims are expected to fall slightly, from 402K to 400K.
The most important thing here is that this number has been uber-steady lately, not widening at all in recent week, sign of relative economic stability.
We’ll have the number here.