In the week ending July 4, the advance figure for seasonally adjusted initial claims was 565,000

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And unemployment is stabilizing?

The MSM has it's head on backwards. That is why you will almost always see them reporting on initial jobless numbers because there's an adjustment that will make it higher once it's finalized...which you never hear about. Can't let everyone know about the actual number now can we?

Another quote from that website :

"There were 401,672 initial claims in the comparable week in 2008. "

so unemployment is stabilizing huh?