New jobless claims down 27k to 451k, continuing claims roughly unchanged at 4.48 million. We have to get under 400k to even get to treading water for the birth/death models of the labor pool. As it is, we've been slowly drowning for the last 12 months.
Hope Democrats can do something about the next two.
[UPDATE] Tyler Durden reminds us that nine states including California didn't submit numbers this week due to the Labor Day holiday, so that for about 30% of the workforce, this week's number is an estimate. And amazingly enough, it's the best jobless claim number in several months. Go figure.
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