Initial Jobless Claims Post Fourth Straight Weekly Drop

With a decline of 29K claims in the latest week, initial jobless claims have now declined for four straight weeks, erasing all of the increase seen since Hurricane Sandy.  At a level of 343K, jobless claims are now at their lowest level since October 5th.  Furthermore, with a decline of 108K over the last four weeks, jobless claims have now more than erased the 90K spike we saw in the aftermath of Sandy.  Continue reading.