ORIGINAL POST: The big economic datapoint of the day: Initial jobless claims.
Analysts expect a print of 385K, down a hair from 387k in the week prior.
This is one of the best, high-frequency datapoints on the economy that we have. The number has trended up a bit, but hasn’t soared yet.
We’ll have it here at 8:30 AM ET.
386K is right in line with expectations basically. Last week was ervised a bit higher to 392K to 387K. Won’t have much of an impact on anything.