After last week's plunge to cycle lows, initial jobless claims jumped 12k from a revised 282k to 294k, back above the average for the year. The trend of falling claims has now ended as it appears the end of government fiscal year and QE3 signalled the end of the claims collapse. Continuing Claims, however, plunged to it new cycle lows - now the lowest since Dec 2000.
Initial Claims bounced back to stagnant for the year...
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As Continuing Claims hits new 15 year lows...
[5]
Charts: Bloomberg
