[1]The raw initial claims data rose 1k from 259 to 260k (beating expectations of 265k).
[3]
But the less-noisy 4-week average of initial jobless claims has slid further this week - to 263.25, its lowest since Dec 1973 - as the divergence between "useless at this point in the business cycle" [4] claims and 'real' job cuts has never been wider.
[5]
Charts: Bloomberg
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/8406
[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/10-overflow/20151029_claims1_0.jpg
[4] http://www.zerohedge.com/news/2015-10-09/goldman-demolishes-jobless-claims-hype-does-not-signal-booming-labor-market
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/10-overflow/20151029_claims.jpg
