A 12k rise in initial jobless claims (on a seasonally-adjusted basis) missed expectations by the most in 8 weeks and rose to its highest in 7 weeks at 290k. Non-Seasonally-adjusted, claims rose a more interesting 43k but bigger picture shows the average of this noisy time series hovers near 40 year lows as low-paying jobs replace high-paying jobs... but remember a jobs a job in the eyes of the government propagandists.
Miss and rise.. but nothing too scary yet...
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as the longer-term trend remains near 40-year lows...
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Charts: Bloomberg
