Today showed that jobless claims last week was better than expected and dipped beneath 400,000 to 397,000, it had previously done this 4 weeks ago.
"The four-week moving average of claims, considered a better measure of labor market trends, fell 2,000 to 404,500."
http://www.cnbc.com/id/45146491
This on the heels of yesterday's report which showed a beat in expectations with 110,000 private sector jobs created in October; in addition there was a drop in planned layoffs.
http://www.cnbc.com/id/45130981
Tomorrow the ADP report will show how many total jobs were created in October, the expectation is 95,000. This is because the public sector is expected to lose 15,000 jobs which if so would be a slower pace of job losses in the public sector.
Today's reports also showed a jump in productivity to 3.1 percent which also beat expectations.
"Productivity rose at a 3.1 percent annual rate, the biggest increase since the first quarter of 2010. Unit labor costs fell 2.4 percent, a much bigger decline than the 0.8 percent rate forecast by analysts."
"The rebound in productivity was in a line with the return to stronger economic growth during the third quarter following a sharp slowdown early in the year. "
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