I don't know if there is a connection between the passing of Steven Jobs, who created millions of careers and the fall of jobless numbers ...I highly doubt it...but it does seem like a very gloomy morning as a result.
I always admired Jobs (from a distance) because he did not give one rats ass what others thought of his vision, except to motivate himself after career setbacks. When one is unemployed, scrambling to keep your wits about you, that sort of grit is hard to lock into.
...Economists polled by Reuters had forecast claims rising to 410,000 from the previously reported 391,000.
The data falls outside the survey period for the government's closely watched employment report for September, which will be released on Friday.
Nonfarm payrolls likely increased 60,000 last month, according to a Reuters survey, after being flat in August. The anticipated gain in nonfarm employment will mostly reflect the return of 45,000 striking Verizon Communications workers to payrolls.
The jobless rate is seen steady at 9.1 percent.