Initial Claims Lowest Since Altamont

Today’s initial claims report was just 209,000. That’s the lowest number since December 6, 1969, which was the same day as the Altamont concert.

Also this morning, the durable goods report for March showed an increase of 2.6%, but much of that was due to a big batch of orders for Boeing. Orders for non-defense capital goods excluding aircraft fell by 0.1% last month.

Posted by on April 26th, 2018 at 11:03 am


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