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.

Get the best daily market and macroeconomic commentary anywhere for less than $7 per month.

Subscribe today

Already have an account? log in

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints