Daily Three: Jobless Claims Streak Continues, The Widening Consumer Credit Gap and Volatility in Currencies
- Initial jobless claims fell from 276,000 to 267,000 last week. This extended the streak of claims under 300,000 to 57 consecutive weeks, the longest since 1973. CNBC
- Volatility in the major nation currency markets rose to the nearly the highest level since 2011. Bloomberg
- Consumer credit grew at an annual pace of 5.8% in March. Non-revolving credit, which includes student debt and auto loans continues to grow at a quicker pace than revolving credit, which includes credit cards. Since the recession ended June 2009, growth in non-revolving credit has outpaced revolving credit by a wide margin.