It's Jobless Thursday

And initial claims are again just marginally better,   404,000 down from last week's adjusted 409,000, which is still too damn high.

Actually, it's worse than it sounds, because they adjusted last week's numbers were adjusted up from 405,000, (isn't it always the way?) so it's really a negligible drop.

What's more, continuing claims rose, though emergency claims fell, probably as people hit 99 weeks.

We are not anywhere near a recovery.