Nothing To Do, Nowhere To Go 0
For all practical purposes, no change. Reuters tries to present that as something positive:
Initial claims for state unemployment benefits climbed to a seasonally adjusted 393,000 from an upwardly revised 391,000 in the prior week, the Labor Department said on Wednesday.
(snip)
Initial claims below the 400,000 mark are normally seen as pointing to some healing in the jobs market.
The four-week moving average of claims, considered a better measure of labor market trends, fell 3,250 to 394,250, the lowest since April.
As usual in these stories, there is no mention of how many persons no longer eligible for benefits are still out of work.
But the Dow is over 11,000.
