US Jobless Claims Plunge Most Since July
So much for the spike in US jobless claims. Last week, data showed initial filers jumped the most since October in the period ending March 4, suggesting high profile layoffs in the tech sector and the briskest pace of job cuts to start a year since 2009 might finally manifest in aggregates and series typically monitored for signs of impending macro doom. No such "luck." Initial claims fell 20,000 in the week to March 11, the government said Thursday. It was the biggest WoW drop since July.