INITIAL JOBLESS CLAIMS UNEXPECTEDLY SPIKE
REUTERS/Robert Galbraith
Initial jobless claims spiked upward to 368,000.Consensus was for 320,000.
And that's up from a revised 300,000 last week.
That revision erased the "2-handle" we got from an initial estimate of 298,000 last week, the first time we'd seen a sub-300,000 print since September.
Continuing claims also bumped higher, to 2,791,000, versus a revised 2,751,000 last week and consensus 2,757,000.