AWESOME NUMBER: INITIAL JOBLESS CLAIMS FALL TO 339K
Apr 25, 2013, 18:00 IST
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Initial jobless claims for the past week fell to 339K from an upwardly revised 455K last week.
Analysts had expected 350K, so this is a big beat.
Initial jobless claims give us a nice, real-time look at the state of the labor market.
So although there have been some worries that the economy is deteriorating again, this number does not corroborate that.
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The lowest point for the economic cycle is 332K, so this is good.