Initial claims very slightly missed expectations (312 vs 311.9 exp) for the 3rd week in a row but the signal is no worse and no better as it sits near cycle lows. Continuing claims continue to drop; at 2.56 million, this is the lowest continuing claims since Nov 2007 – the last 4 months have seen continuing claims drop at the fastest rate in over 4 years. The bottom line is ‘this is as good as it gets’…
And this is what last week’s claims looked like broken down by state.
via Zero Hedge http://ift.tt/1qhjpZT Tyler Durden