A Little More Today than Yesterday! Trading Stuff.
Initial Claims at Lowest Rate Since January as Auto Plants Restart
The Good News Economist submits:
The rate of new claims for jobless benefits fell to the lowest level since January, and a close look at the pattern of layoffs in the automotive industry provided additional good news for auto workers.
The government said that initial claims fell by 52,000 — a drop significantly more than any economists had expected. In addition, the new claims data appears to have been significantly effected by positive circumstances in the auto industry.
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