U.S. Jobless Claims at 7-Month Low - Building Permits Jump
WASHINGTON (Reuters) - New U.S. claims for jobless benefits hit a seven-month low last week, while permits for future home construction rebounded strongly last month, bolstering views the economy was gaining traction.
Initial claims for state unemployment benefits fell 5,000 to a seasonally adjusted 388,000, the Labor Department said on Thursday, from 393,000 the prior week. Economists had forecast claims rising to 395,000.
Not sure why they think this is a telling statistic. It says nothing about those who are already unemployed and have run out of benefits. I have a feeling that number is too shocking to reveal.