The 302,000 is a so, so number. But close to what was expected – 300,000. And not as good as last week’s 284,000. But as Bloomberg reports, the monthly average is encouraging.

The four-week average of jobless claims, considered a less volatile measure than the weekly figure, dropped to 297,250, the lowest since April 2006, from 300,750 the prior week. Claims in the period ended July 26 climbed to 302,000, in line with the median forecast of economists surveyed by Bloomberg, from a revised 279,000 the prior week that was the lowest since 2000.

So the economy continues to improve, if not to dazzle. And there are those other, more troubling and, perhaps, structural numbers. e.g. labor force participation, median net worth …

Next Page