So, after last week's horrible number, we see a bounce. As to the whether of not this week's numbers are a dead cat bounce, or whether last weeks numbers were an outlier.
Initial claims fell from 260,000 to 241,000, still not a good number, and continuing claims rose from 1.861 million 1.867 million.
The numbers are better than forecast, but still are weak.
Also, US industrial production fell, but that appears to be an artifact of the Boeing strike and the hurricanes, at least in part, while retail sales rose.
Damned if I know what is going on here.
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