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Jobless Claims Hit A 14 Year Low

FYI: After some poor economic data relative to expectations on Wednesday, Thursday started off on a positive note with jobless claims coming in much lower than expected. While economists were expecting first time claims to rise slightly to 290K from last week's level of 287K, they actually declined by 23K to 264K. This represents the lowest weekly reading since April 2000.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/10/16/jobless-claims-hit-a-14-year-low.html?printerFriendly=true

Comments

  • hollow number, though. P/T burger-flippers, Temp. jobs.....
  • Yep and plus seasonal hiring and the fact that most of the labor force had already applied for jobless benefits. Reversion to the mean?
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