Courtesy of ZeroHedge. View original post here.
Submitted by Tyler Durden.
Initial jobless claims surged from 304k to 329k this week, the biggest weekly rise since mid-December. From exuberance at new cycle lows, we swing to the average of the last 8 months. This is the biggest miss to expectations in over 2 months. Continuing Claims dropped further to new cycle lows at 2.68 million (beating expectations) – its lowest since Dec 2007. So this is as good as it gets for continuing claims – America is back at its best!
Initial claims surges back up to its average of the last 8 months…
As continuing claims plunges to new cycle lows not seen since Dec 2007 – as good as it gets
Charts: Bloomberg
