The weekly initial unemployment claims were released today and it seems initial claims is on a roller coaster. Initial Claims is a number of people that applied for unemployment insurance for the first time in the prior week. The forecast called for 422k, but the actual headline numbers came in at 404k. The big shocker was in revisions to last weeks number, which was revised from 445k to 441k. This is a downward revision which has not happened in the prior year.
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