Tomorrow is a big day for the US markets, with both the Alibaba IPO and the results of the Scottish independence vote

Tomorrow is a big day for the US markets, with both the Alibaba IPO and the results of the Scottish independence vote. So, today's very impressive initial jobless claims number may have been glossed over by investors. Claims dropped to 280,000, a huge 36,000 decline from the previous week. In addition, the 4-week moving average dropped nearly 5,000 to 299,500. It's a good sign for the job market to see that moving average number below 300,000. This week's jobless claims is also significant because it helps support the notion that the August non-farms payroll number is going to be revised up... something several economists have suggested. Keep in mind, Yellen and the Fed see still plenty of slack in the labor market, regardless of the short-term results. (VIEW LINK)