US jobless claims are down: last week they fell to the lowest level since April 2008, recording a drop of 50 units to 352. The datum is also significant for another finding: not since 24 September 2005 has there been such a sharp decline from one week to the next.
Economists had expected a drop of only 19 to 380 units. The moving average of the last four weeks is
dropped by 3500 to 379 thousand.