Nothing To Do, Nowhere To Go 0
Under 450k for the first time in weeks, but just barel. Bloomberg:
Jobless claims dropped by 11,000 to 445,000 in the week ended Oct. 2, the fewest since July 10, Labor Department figures showed today in Washington. The median forecast or 47 economists surveyed by Bloomberg News projected 455,000 new claims last week. The total number of people receiving unemployment insurance decreased and those getting extended payments jumped.
The four-week moving average, a less volatile measure than the weekly figures, dropped to 455,750 last week from 458,750, today’s report showed. It was the sixth consecutive decrease.
The beatdown goes on.