>And notably, last week's "drop" in UI claims was revised, such that is was
>equal to or higher than all other weeks in the previous month.
They've been revising up the number for several weeks running. Still, there's little doubt that the US job market is "stabilizing," as Greenspan has been saying. Last month, there was a gain of 57k, and tomorrow's report for October should be up a bit more (75-90k). That's very weak for a recovery - in normal recoveries, we'd be seeing 300k, and the long-term trend is about 220k. But it's better than declines.
Doug