Europe is collapsing, contagion is spreading, US firms are admitting “it’s not the weather”… but initial jobless claims news is great so BFTD? After 5 weeks of misses, initial claims beat and fell to 304k – just shy of the record low for the cycle. Continuing claims rose though, missing expectations for the 2nd week in a row – this is the first 3-weeks-in-a-row rise since Feb.
Initial claims…
Continuing Claims rise for 3rd week in a row…
Chart: Bloomberg
via Zero Hedge http://ift.tt/1mCpz6d Tyler Durden