The number: Nope, no improvement here. 462,000 is worse than the 445,000 folks were expecting, dashing hopes that the number would steadily move towards 400K.
The background: Analysts are looking for 445K, though basically anything around 450K would be in range. If we actually start seeing a move towards 400K then that would be a real sign of progress.
Read more: http://www.businessinsider.com/initial-jobless-claims-october-14-2010#ixzz12MLOaPm2
Disclosure: No Positions