[TomGuy]

WOW. Second week IN A ROW that jobless number is under 400,000.

Oops!
Not quite:

The government revised its estimate for claims during the prior week to 400,000 from 397,000.

[ScottinVA]

Yep.. and this one will bump up, too.

The “media’s” attempts to trumpet these numbers as growth are amusing.

[NativeNewYorker]

The raw number was up a bunch.

[nhwingut]

Yeah but they got their headline out of it last week — ‘Jobless claims fall below 400,000’... That’s all they wanted. Then the lib media does their magic.

No one reads the corrections/revisions.

[rhombus]

Prosperity is right around the corner.

[xzins]

Christmas season employment. Expect big layoffs in January.

[adorno]

Simple logic:

With fewer and fewer people actually working, there will be fewer people that can be laid off each time. If the work-force were to ever reach (hypothetically) zero, then the following week, there would be no layoffs. Would that be seen as a sign of hope for the economy?

[SES1066]

Initial claims for state unemployment benefits ...

Understand what this means, these are NEWLY UNEMPLOYED people. As I understand this process, we are still ADDING to unemployment, right? And this is "GOOD NEWS?!?!?"

[JLAGRAYFOX]

Amazing!!! Just about every week for last year or so the previous weeks jobless claims are adjusted upward. the 397,000 number was raised to 400,000. What will this weeks numbers be shifted upward to? These media folks take us for morons and think we buy & believe their hogwash!!! Not happening!!!

[algernonpj]

Non-seasonally adjusted claims increased by +29,106 to 398,753: this is the second highest number since July. ...

those on EUCs and Extended Benefits rose by 43K in the past week ...

the previous continuing claims number was revised worse by 24k from 3,683K to 3,707K ..."

Everybody ... "Happy days are here again .."

[Neoliberalnot]

Never mind the fact that millions of college graduates never get counted.

[JaguarXKE]

Keep in mind these are NEW jobless claims...

[voicereason]

Any improvements now will likely be due to “Seasonal” employment. Basically, minimum wage jobs that will end in January. Buy hey...who am I to throw a little rain on their parade.

[festusbanjo]

Participation rates continue to drop as well.

[NeverForgetBataan]

I think I heard that a bunch of people had their 99 weeks of unemployment run out last week.

That would mean that fewer are filing new claims but are still just as unemployed.... right?

[Iscool]

Well that’s wonderful...Only a third of a million+ jobs left the country this week...That’s good news...For China...

[TexasFreeper2009]

lol

“The government revised its estimate for claims during the prior week to 400,000 from 397,000.”

that’s the FIRST thing I look for now, how were the LAST numbers revised!

lol

Obama = Epic Fail

[Glenn]

I heard a Wells-Fargo economist saying what a good sign this number is.

Markets react to every number like it's the answer. Meanwhile, the debt continues to grow and many countries are still teetering on collapse.

When do the grownups take charge?

[central_va]

Always trust the Green Shoots™ brand for all your economic statistical needs.

[Reeses]

revised its estimate for claims during the prior week

The revised numbers only contain one week's worth of updates with more to slowly come in. We're talking government hirelings here. It's laughable that all the revisions are up. They have made math political: 2 + 2 = 3 this week, 3.1 next week, etc.

[Raycpa]

They are too busy camping out protesting?