Initial Jobless Claims Fall Back to the 350K Range

Initial jobless claims rose considerably less than expected today as economists continue to struggle with seasonal adjustments.  While economists were looking for first time claims to come in at 380K, actual claims rose by only 353K.  This marks the fourth straight week where the weekly change in claims topped 10K which is actually the longest streak of weekly moves in excess of 10K since April 2011. Continue reading.