Initial Claims Lower Than Expected At 332K, PPI In Line With Expectations

ZeroHedge.com ^ | 3/14/2013 | ZeroHedge

[mykroar]

The grind lower in initial jobless claims continues, which from an upwardly revised 342k (was 340K) last week, declined to 332K in the most recent week ended March 9, on expectations of an increase to 350K. This was the third consecutive beat in a row and the lowest total print since January, which in turn takes it all the way back to January 2008. Continuing claims were also better than expected, dropping from an upwardly-revised 3113K, to 3024K, on expectations of a 3090K print. According to the BLS, unlike the last time we had an abnormally low print, no states were estimated this time around.

[mykroar]

One of the games: But perhaps the most curious finding in the report, is the ongoing V-Fib formation that extended and emergency claims are underoing, which now fluctuate by about 150K on a week in, week out basis, without any rhyme or reason.

[Ken522]

Happy days are here again!!!