This morning we got better than expected initial claims data, with claims falling under 400,000 for the first time in what seems like forever, but that does not mean it's "all systems go" on the jobs front.
We had 391,000 people filing jobless claims for the first time, as opposed to 420,000. Last week was revised to 428,000, up from 423,000. Continuing claims are still hovering around 3.75 million, so this is nothing new. We also saw the Bureau of Labor Statisticsannounce that we created an additional 192,000 jobs over the past year.
Source: Is America No Longer Great? | Benzinga
We had 391,000 people filing jobless claims for the first time, as opposed to 420,000. Last week was revised to 428,000, up from 423,000. Continuing claims are still hovering around 3.75 million, so this is nothing new. We also saw the Bureau of Labor Statisticsannounce that we created an additional 192,000 jobs over the past year.
Source: Is America No Longer Great? | Benzinga