Jobless Claims Fall Much More Than Expected -- February 11, 2016

Weekly jobless claims plummet to 269,000 vs 281,000 estimated. Whenever I see such a huge discrepancy, it makes me wonder. How can analysts be so far off? I guess economy improved remarkably since last week.

Initial claims for state unemployment benefits declined 16,000 to a seasonally adjusted 269,000 for the week ended Feb. 6, the Labor Department said on Thursday. The prior week's claims were unrevised.

The four-week average fell 3,500 to 281,250.