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Another Good Week

8:47 AM, Jul 24, 2014 • By GEOFFREY NORMAN
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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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