AWESOME NUMBER: INITIAL JOBLESS CLAIMS PLUNGE TO 324K

The jobless claims number is out and it's good.

Initial claims of 324K is far better than the expected 345K.

It's also a nice drop from last month.

Generally the data has been mediocre lately, but the lack of weakness on the weekly initial jobless claims front is really nice to see.

This is the best weekly number since January 2008.