Clear Evidence Initial Claims Have Bottomed
ECONODAY: Initial claims, up 9,000, did rise in the November 28 week but, at 269,000, remain near historic lows and continue to point to lack of slack in the jobs market. Still, the 4-week average, at 269,250, is trending roughly 10,000 above the month-ago trend in a comparison that does not point to further improvement for either the unemployment rate or payroll growth...