Thursday, September 9, 2010

If It's Thursday...

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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