This weeks Initial Unemployment Claims got worse that the week prior, but the market shook this off because, for the lack of a better word, it was a lower high. It would seem the short term trend is down, but we need to get through the Holidays to really know what is going on. Initial Claims is the number of persons that filed for unemployment for the first time in the prior week. The forecast called for 425k, but the actual headline number was 436k, which was worse that last weeks revised 410k.
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