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Real Time Insight

The second act in this week's trio of jobs reports was a good one. According to the Department of Labor, initial claims for unemployment fell by 18,000 last week to 324,000. This was much better than expected and marks the lowest level since January of 2008.

Meanwhile, the 4-week moving average declined by 16,000 to 342,250. That is just a little bit above the low for 2013, as you can see in this chart from Calculated Risk Blog:

This follows Wednesday's disappointing report from ADP that showed the economy added just +119K private-sector jobs in April.

So what's your guess for tomorrow's Employment Situation Report from the Bureau of Labor Statistics?

The consensus range is between 135K and 155K jobs added. Do you think the report will come in above, below or within this range? Post your response below.

Zacks Releases Their 7 Best Stocks for October, 2014

These 7 were hand-picked from the list of 220 Zacks Rank #1 Strong Buys with earnings estimate revisions that are sweeping upward. Their stock prices are expected to rise sooner than the others.

Today, this Special Report is available to new Zacks.com visitors free of charge.

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