BIG BEAT: INITIAL JOBLESS CLAIMS FALL TO 320K

This is a great number.

Initial jobless claims fell to 320K from 335K last month.

This is much better than what was expected, and it’s the best number since late 2007.

Folks just aren’t getting laid off very much.

Markets remain in the red.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.