Mixed News on Jobless Thursday

Initial jobless claims fell, but remained over 400,000, 414 K specifically, with the 4-week moving average remaining flat, with both continuing and emergency claims falling slightly.

It is a little better but the claims numbers are still, in the words of Jimmy McMillan, "Too Damn High."

Additionally, the Philadelphia Fed's survey of business outlook fell to a nearly two year row.

But all the very serious people keep saying that "Prosperity is just around the corner."