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Jobless Claims Dip More Than Forecast, Markets Turn Gaze to Jobs Report

Joe Deaux
2/06/14 9:37 AM EST
Jobless claims dip 20,000 to 331,000, which comes in below the expectation of 335,000 claims. Fross & Fross Wealth Management Co-Founder Thom Fross tells TheStreet's Joe Deaux this week's claims number is promising, but Fross says we have to start seeing data in the 200,000s to suggest a robust labor market. Looking ahead to Friday's jobs report, Fross says he expects about 180,000 jobs to be added in January. He notes right now jobs has been the outlier in the recovery, but a good print Friday could turn it into a Cinderella.
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