Jobless claims sink to 233,000 and come down from one-year high. Labor market still OK. - MarketWatch
1. New claims for unemployment benefits fell to 233,000, indicating a stabilizing labor market. 2. Decline in claims may ease recession worries following a tepid July jobs report. 3. Raw unemployment claims dropped to 203,054, the lowest since early June. 4. Continuing claims rose to 1.88 million, indicating longer job search times. 5. DJIA and S&P 500 opened higher in response to declining jobless claims.