Initial Jobless claims have hovered at near-42-year lows for much of the last year, despite day after day of new "job cuts" headlines – from energy to materials to tech unicorns. This week was no change with claims at 265k – dropping from last week's orighinal 268k print but rising from a revised 258k. To all of this exuberance we have just one question – explain this!!
And we know manufacturing jobs are collapsing?
via Zero Hedge http://ift.tt/1VfkqlS Tyler Durden