Another Good Week
8:47 AM, Jul 24, 2014 • By GEOFFREY NORMAN
For the numbers. Not so much for “expectations” which the economy continues to wrong-foot.
First time claims were expected to come in at 305,000. The actual number was 284,000. Which makes for the lowest level since February 2006. There will be a lot of slicing and dicing of the numbers and labor force participation still remains the number that tells the biggest story.
But this is unqualified good news.
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