Jobless claims were little revised last week, to 453,000 from the original 451,000 reported. This is notable because several states did not report their actual claims to the Federal government, leaving it to the government to make a HAG (hair-assed guess) to plug into the report. The guess turned out to be spot-on.
A hopeful sign for the labor markets which just weeks ago were panicking over a spike to the 500,000 level. This argues that QE is less likely than it was a few weeks ago.
