Another week, another near record low in US initial claims, which in the week ended April 21 dropped to just 209K from 233K last week, the lowest print since September 1969, and below consensus estimates of 230K. Continuing claims also fell, although less dramatically, by 29k to 1.837 million. That said, some of the data was questionable, with the Labor Department saying claims for Colorado and Maine were estimated last week.
Initial Claims Drop To 49-Year Low But Durable Goods Orders Disappoint
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