BOOM: Another Awesome Initial Claims Report

The number: Initial claims of 368K is better than expectations.

Last week was revised down, too.

Markets have ticked up on the news.

The NASDAQ and the S&P 500 are up around 1%.


Background: This is pretty minor compared to tomorrow’s big number, but the trend is good. Analysts are looking for between 390 and 400K initial claims.

Here’s the 1-year look.


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