ECONODAY: Strong and welcome strength is the signal from jobless claims which are at historic lows and trending lower. Initial claims fell a very sharp 18,000 to 259,000 in the June 18 week -- which is the same week that the government sampled its monthly employment report. The 259,000 for the June sample week compares with 278,000 in the May sample week for a 19,000 decrease while the 4-week average, currently at 267,000, is down 8,750. These are sizable differences that hint at solid improvement for the June employment report...
