Key jobless number shows biggest drop in 7 years

Key jobless number shows biggest drop in 7 years

But its more or less a statistical point:

Initial claims rose by 3,000 to a seasonally adjusted 608,000 in the week ending June 13, above analysts’ expectations. The four-week average, which smooths fluctuations, fell by 7,000 to 615,750. Continuing claims data lags initial claims by one week.