According to the Labor Department, first-time claims for state jobless aid fell to 321,000 in the week ended May 14 from an upwardly revised 341,000 the previous week.
Wall Street economists had forecast new claims to fall 10,000 to 330,000 from the originally reported measure.
“It’s an indication that broader job growth is holding steady in the 175,000 to 200,000 range for nonfarm payrolls each month,” Hembre said.
See the full report from the Department of Labor.
This coupled with other great news in the economy like Crude price slides as stockpiles hit six-year high.
Let’s take a look at some other beneficial economic indicators.
Other interesting economic information can be found at PoliPundit.