Another BS Employment report, and now they counter themselves in their own article.

Below is Bloomberg- I have inserted and highlighted in alternate text



Better than Projected
Jobless benefits applications were projected to rise to 441,000, according to the median forecast of 46 economists in the Bloomberg survey. Estimates ranged from 426,000 to 455,000. The Labor Department revised the prior week’s figure up to 437,000 from the previously reported 435,000.
Government offices were closed on Nov. 11 for the Veterans Day holiday, which typically translates to a drop in claims before seasonal adjustment. The decrease this year matched government projections, leading to little change in the adjusted data, a Labor Department spokesman said as the figures were being released.
Today’s report corresponds to the week the Labor Department surveys businesses to calculate the monthly payroll figures. The next jobs report is due Dec. 3.
The four-week moving average, a less volatile measure than the weekly figures, dropped to 443,000, the lowest level since September 2008, the report showed.
Continuing Claims
The number of people continuing to receive jobless benefits fell by 48,000 in the week ended Nov. 6 to 4.3 million.

The above statement is supposed to be viewed as a positive until you read the one below.

The continuing claims figure does not include the number of Americans receiving extended and emergency benefits under federal programs.

And...what happened to all those people who used up their initial unempoyment benefits and their continuing unemployment benefits, well...

Those who’ve used up their traditional benefits and are now collecting emergency and extended payments increased by about 121,000 to 4.93 million in the week ended Oct. 30.

So, in essence, not only did initial jobless claims go up but the far more critical emergency/extended, last ditch benefit collectors rose by 121,000.

The unemployment rate among people eligible for benefits fell to 3.4 percent in the week ended Nov. 6, from 3.5 percent in the prior week.

Forty-two states and territories reported an increase in claims, while 11 reported a decrease. These data are reported with a one-week lag.

Initial jobless claims reflect weekly firings and tend to fall as job growth -- measured by the monthly employment report -- accelerates. That relationship has broken down in recent months as some companies continue to cut staff, while others expand, pointing to an uneven recovery.