Initial Jobless Claims for May 8th

Initial Jobless Claims were released for the week ending May 3rd, and the number was pretty good at 319k. This was a drop of 26k from last week’s figure, which was revised slightly higher to 345k from 344k. This was an encouraging drop towards 300k. Remember lower claims can result in some stronger job gains, which worked very nicely and accurately last month. Let’s see if that trend continues.

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