Jobless Claims Drop To A 5-Year Low

by: Bespoke Investment Group
While most of the economic data we have been seeing lately has been weaker than expected, one bright spot over the last few months has been initial jobless claims. This week proved to be no exception, as jobless claims came in considerably lower than expected (324,000 vs. 342,000). It was also the lowest weekly reading in claims going all the way back to January 2008. (Click here for more.)