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UH-OH: INITIAL JOBLESS CLAIMS SPIKE TO 385K

Joe WeisenthalApr 4, 2013, 18:00 IST

The initial jobless claims number is out, and it's ugly.

Initial jobless claims have spiked by 28K week over week to 385K.

Analysts had expected 353K.

This is the second weak datapoint in a row.

Yesterday we got an ADP report that missed notably.

Tomorrow is the Non-Farm Payrolls report, which should be exciting.

There's growing chatter of a "Spring Swoon" for the US economy.

This number helps bolster that meme.