Nothing To Do, Nowhere To Go 0
“Stabilizing” is just another way of saying “running out of people to lay off,” and it’s still over half a million (emphasis added):
Initial claims for state unemployment insurance benefits fell 38,000 to a seasonally adjusted 550,000 in the week ended August 1 from 588,000 the prior week, the Labor Department said.
(snip)
However, the number of people collecting long-term unemployment benefits rose by 69,000 to 6.31 million in the week ended July 25 . . . .
But check this out for a comparison.