The Labor Department reported today that Jobless Claims fell by 19,000, to 366,000 new claims, beating the consensus of 390,000 and and producing the best number since 2008.
Stock futures, which were up prior to the report, rallied even more, as it shows the US labor force improving.
Today’s number was an important one as it underscored last week’s sharp drop to a revised 385,000, and suggests that the long awaited turnaround in employment could really be at hand.
