Strongest Initial Claims Data Since Before Crash Gives Fed Excuse To Taper | The Wall Street Examiner

``Today's initial jobless claims release is another piece of evidence that Friday's jobs data should beat the consensus giving the Fed an excuse to announce The Taper on September 18. Initial claims for unemployment compensation declined at an annual rate of 12.7% last week, which was faster than the previous week's 10.9% rate and the strongest in the past 4 weeks. It was also significantly better than the average year to year gain of 7.9% for each week over the past two years.''