» Claims: Benign bounce off lows Decision Economics

Claims: Benign bounce off lows

Posted November 13, 2014 by rvillareal

Initial jobless claims data surprise visibly to the upside for the first time since early September, rising 12,000, to 290,000 (Consensus and DE: +2,000, to 280,000). Continuing claims rise 36,000, to 2.392 million, after falling 31,000 the week prior. The latter result dampens the sharply-improving trend posted over recent months, but one week will not shake cumulative improvement and historically-low levels across both series. The Labor Department cited no special factors impacting the results.

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