Initial Jobless Claims ‘Steady’ At 42 Year Lows As ISM Services Employment Crashes

Thursday, March 17, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
03/17/2016

Initial Jobless claims have hovered at near-42-year lows for much of the last year, despite day after day of new “job cuts” headlines – from energy to materials to tech unicorns. This week was no change with claims at 265k – dropping from last week’s orighinal 268k print but rising from a revised 258k. To all of this exuberance we have just one question – explain this!!

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