Jobless Claims

In the "Things Are Getting Better" department, here are initial jobless claims.  Chart and commentary from Bespoke Investment Group.

"This morning's release of initial jobless claims for the latest week came in better than expected.  While economists were looking for claims to come in at 346K, the actual reading came in at 334K.  Although it was only the lowest reading since May 3rd, it was also the third lowest reading since the Financial Crisis.  While most economic indicators have been coming in weaker than expected in recent weeks, initial claims continue to be a bright spot.  With this week's increase, the four-week moving average also saw a nice decline, falling from 352.5K down to 345.3K.  This reading is also low enough to qualify as the third lowest weekly reading since the Financial Crisis."

Link:  Bespoke:  Initial Jobless Claims.