Weekly Jobless claims drop more than 100,000 although that may be deceiving due to weather conditions across the country last week. Durable goods up over 3% when only 1% or so was expected.
Jeff Cox of CNBC looks closely at the claims results and breaks things down very well.
https://www.cnbc.com/2021/02/25/weekly-jobless-claims.html?__source=newsletter%7Cbreakingnews
This jobs number should ease some recession fears, although next weeks CPI will be a key indicator as we all know. Payrolls were up 372,00 better than expected with the unemployment rate remains at 3.
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