The brief hysteria of a surging pace of initial jobless claims is now well ans truly back in the dustbin of data-driven-drivel history as the number of Americans applying for unemployment benefits for the first time fell to 218k last week (practically the lowest year-to-date) after surging to four year highs on the back of Texas trouble...

Whatever it was that cause Texas to see a dramatic surge in jobless claims (some mentioned the start of the school year) has gone now as Texas claims revert back to 'normal'...

The number of Americans claiming some form of unemployment benefit remains above 1.9 million...

Will the drop in initial claims ease back Fed anxiety?

...as Texas trauma fades.
{ai:summary}<p>Initial jobless claims fell to 218,000 last week, the lowest year-to-date after a Texas spike; some attribute it to the school-year start.</p><p>Continuing claims stay above 1.9 million. Will the drop ease Fed anxiety? #economy</p>

Initial Jobless Claims Tumble Back Near YTD Lows

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