Initial Claims Back on the Rise

It looks like last week's sharp drop in jobless claims was just a mirage.  After dropping to a multi-year low last week, initial jobless claims rose 34K to 386K this week, representing the largest one-week increase since April 2011.  While investors got excited about last week's sharp decline, this week's increase pretty much erases all the optimism generated from last week's report. Continue reading.

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