Initial jobless claims dropped 10k this week to 311k – the lowest in 4 months – offering little bad-news-is-good-news hope for renewed un-tapering to pump stocks back up. Illinois, New York, and Pennsylvania (all weather-related) saw the biggest drops in claims in the prior week. Continuing claims also fell 53k to 2.82 million, its lowest in 3 months.
Charts: Bloomberg
via Zero Hedge http://ift.tt/1pbnXjo Tyler Durden