Last week DOL reported the advance figure for seasonally adjusted initial claims was 610,000, a decrease of 53,000 from the previous week’s revised figure of 663,000. Yesterday, Zero Hedge posted a report by Structural Logic which anticipates another decline:

Last week, Swamp Report posted our own analysis of Easter week unemployment claims and found that the next week normally had a 50% move in the other direction. In other words, the results would indicate that unemployment claims to be announced tomorrow would reflect an increase of around 70,000.  We’ll see tomorrow…