HUGE: Initial Jobless Claims Fall To Just 383K

The number:

383K. That’s well ahead of expectations, and another sub-400K reading is great.

The number is down from 415K.

The market is still lower pre-market, but has come back a bit.


Background: Analysts are looking for a number of around 410K, though we’ve seen estimates of sub-400K, which would be great. The key, really, is that it stays near 400K, and doesn’t spike too much towards 450K.

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