New jobless claims are settling in at "historic lows"

Jobless claims are settling in right at historic lows, continuing to point to a significant lack of slack in the labor market. Initial claims fell 7,000 in the October 10 week to 255,000 which matches the 42-year low posted in July. But as a share of the increasingly larger labor market, this level may very well be a record. The 4-week average is down 2,250 in the week to a 265,000 level which is also a 42-year low and more than 5,000 below a month ago in a comparison that offers an early hint of strength for the October employment report.

Continuing claims are telling the same story, down a very sizable 50,000 in lagging data for the October 3 week. The 4-week average is down 22,000 to 2.201 million and is about 50,000 lower than the month-ago comparison. These are at record lows for this series which, unlike initial claims, only goes only back about 15 years. The unemployment rate for insured workers is unchanged at a very low 1.6 percent.

There are no special factors in today's report, one that the hawks have been turning to since way back in March as a primary signal that wage pressures may be around the corner.

TEOTWAWKI wrote:You are like a general whose army has been decimated and radios back to headquarters that we are taking less casualties every day.

boards of FL wrote:

TEOTWAWKI wrote:You are like a general whose army has been decimated and radios back to headquarters that we are taking less casualties every day.

For example, do you have anything substantive to add to this thread?

gatorfan wrote:

boards of FL wrote:

TEOTWAWKI wrote:You are like a general whose army has been decimated and radios back to headquarters that we are taking less casualties every day.

For example, do you have anything substantive to add to this thread?

You mean "substantive" like this:

LAYBOR PRECIPITATION RATEZ!!!1!1!!

LAYBOR PRECIPITATION RATEZ!!!1!1!!

LAYBOR PRECIPITATION RATEZ!!!1!1!!

BEGHAZASM!!!!!11!1111!!!

ROFLMAO

boards of FL wrote:Not at all.  I am, not am like but am, a sociopath.

boards of FL wrote:You, on the other hand, are - not are like, but are - a useful idiot who is basically employed to repeat ignorant talking points in the face of real world data.  When it is time to actually discuss issues and share the real world data that informs your opinions, you have none.  You can't even link back to the talking points fed to you by your puppeteers.  

The way that we interact - on this forum, for example - is I seek real world data, I share that real world data on this forum, and then you say "Ha!  Lies!", and that is basically the extent of your usefulness.  Likewise, you are fed talking points on bat-shit crazy conspiracy websites, you share those bat-shit crazy talking points here on this forum, I respond to those talking points with the data that informs my opinion, and then you have nothing further to say as you don't fundamentally understand any of the issues discussed here.

For example, do you have anything substantive to add to this thread?

TEOTWAWKI wrote:

boards of FL wrote:Not at all.  I am, not am like but am, a sociopath.

Keep on truckin...he who laughs last and all that.