Initial Jobless Claims Surge Most In 18 Months Off 50-Year Lows

After tumbling for 5 straight weeks, back below 200k for the first time in almost 50 years, initial jobless claims exploded higher last week...

 

This is the biggest spike in 18 months...

We wonder what the green-shooters will blame this on? Weather? Mueller Report? Tax Day? Or could it be the real economy finally hitting the seasonally-adjusted claims data debacle?