INITIAL JOBLESS CLAIMS FALL

The
Department of Labour just released its latest weekly reportof initial unemployment claims.

Claims fell to 331,000, which was a tad better than the 332,000 expected by economists.

However, last week’s reading of 336,000 a week ago was revised up to 337,000.

The 4-week moving climbed to 2,996,250 from 2,986,750.

“Claims continue to signal no let-up in employment growth,” said High Frequency Economics’ Jim O’Sullivan in a note last night.

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