The flip-flopping noise of the initial claims data continues as last week’s spike and miss is rebounded into this week’s beat and drop. At 300k – down 27k from last week – initial claims are at their lowest since May 2007 – practically as good as it gets. Continuing claims continue to fall – now at 2.63 million – to the lowest in the cycle and lowest since Nov 2007. Continuing claims are falling at the fatest pace since 2010.
Initial claims near cycle lows…
As continuing claims plunges to cycle lows at the fastest pace since 2010…
Chart: Bloomberg
via Zero Hedge http://ift.tt/1hgt6Hz Tyler Durden