New jobless claims down to 455k (yet another upward revision of last week's numbers) and continuing claims down to 4.46 million, down 48k.
450k new jobless claims a week is right about the break even number on jobs created for the month these days. We need to get significantly below that, south of 300k. Even then, growth models mean we're short hundreds of thousands of jobs each month.
I don't see than happening of course. Not anytime soon.
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