Weekly initial jobless claims came out this morning. According to the title of Foxnews article: on May 13th:
Weekly Jobless Claims Drop 4,000 to 444,000
Interestingly enough, I found another Foxnews article issued on May 6th detailing last week's initial jobless claims with this title:
New Weekly Jobless Claims drop 7,000 to 444,000
This is not a misprint. Foxnews has the numbers right as reported by the government.
Given this math, I want to make a bold prediction. Jobless claims will continue to drop throughout the year, and could reach as low as 444,000 by Christmas.