JOBLESS CLAIMS - 11-08-2015

Weekly jobless claims continue their slow decline and are associated with a healthy job market:  This continues the disconnect between voters emotions and the increasing economy

Initial claims for state unemployment benefits slipped 5,000 to a seasonally adjusted 271,000 for the week ended Nov. 14, the Labor Department said on Thursday. The prior week's claims were unrevised.

Claims have now held below the 300,000 threshold for 37 consecutive weeks, the longest stretch in years, and are not too far from levels last seen in the early 1970s. Claims below this level are usually associated with a healthy jobs market.*

.........................................................................

In a separate report, the Philadelphia Fed Business Conditions Index for November came in at a better-than-expected 1.9 increase, compared with expectations of a drop of 1.0 and a decline of 4.5 a month earlier.

(Click on figure to enlarge)

* http://www.cnbc.com/2015/11/19/us-weekly-jobless-claims-nov-8-2015.html