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Thursday, November 17, 2016

Initial Jobless Claims in the US Collapse to Lowest in 43 Years

Source: Zero Hedge | by Tyler Durden

Initial Jobless Claims Collapse To Lowest In 43 Years - The US Economy Fell Into Recession Immediately After

Nov 17, 2016 8:38 AM

After an ugly October, November has seen two straight weeks of improvements in initial jobless claims (plunging 11.6%, 31k - the most since Jan 2015 - to 235k).

This is the lowest initial jobless claims since Nov 1973...

The US Economy fell into recession the next month.

Futhermore, Continuing Claims plunged the lowest since April 2000...

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