Is it finally spring in the world of employment? If one is looking for encouraging signs, this week’s first-time claims number is very encouraging. Down from slightly over 330,000 last week to 300,000. Lowest number since May 2007 and the greatest weekly drop since January 2006.

If it holds up and is the start of a trend, then it is good news. Though it does complicate things for Janet Yellen and the Fed.

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