If It's Thursday...

New jobless claims flat, down 3k to 420k, but the big chunk of data is durable goods for November, revised downward from 3.3% in October to -3.1%.  Ouch.

Continuing claims down to 4.064 million.  Not a good sign, still deflationary especially in conjunction with home prices still falling.

More Thursday numbers from Asariel over at the Great Redoubt.