RIGHT IN LINE: Initial Jobless Claims Come In Right In Line At 386K

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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.

UPDATE:

Snooze.

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.

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