Remember: the magic number is 400,000.
Link here.
.... claims for unemployment benefits fell more than expected last week for the first time in April, declining 12,000 to a seasonally adjusted 377,000, according to the Labor Department. Economists polled by Reuters had expected a reading of 380,000. The four-week moving average for new claims increased 1,750 last week to 377,750.The four-week moving average will continue to improve if ...
The reason the four-week moving average increased is somewhat of an anomaly due to last week's numbers.
Not to worry. Summer rally on its way.
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