FYI: Today's release of initial jobless claims for the latest week came in higher than expected, surpassing 300K for the first time in eleven weeks. While economists were expecting first time claims to come in at a seasonally adjusted level of 288K, the actual reading came in at 313K - an increase of 21K from last week's level. This week's report represented the highest weekly reading since 9/5/14, the largest one week increase since 8/8/14, and was the biggest miss relative to expectations since 12/19/13. While the one week increase of 21K wasn't necessarily large by historical measures, given the strength we have seen in this indicator of late, the "surge" felt larger than it actually was. All in all, it wasn't a great report.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/11/26/jobless-claims-surge.html?printerFriendly=true
