The Traderszone Network

Published in TZ Latest News 15 May, 2014 by The TZ Newswire Staff

Initial Claims Plunge To Lowest Since May 2007

“Mission Accomplished”… At 297k this is the lowest initial claims print since May 2007 (beating expectations of 318k by the most in 8 months). This rebound jump lower in claims reflects on many of the most recent indicators bouncing back from weather-effects but the question is its sustainability – and extrapolatibility (which we are sure is a word being used by the sell-side strategists expecting 4% GDP growth in Q2). Total benefits dropped 9k to 2.67 million – the lowest since Dec 2007. All things considered – America is fixed…

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