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| Economy |
| Weekly initial jobless claims go up 9,000 ... unexpectedly! |
| 2011-08-18 |
 Would all those that bet the 390K figure would be revised upward step forward to collect your winnings please?In the week ending August 13, the advance figure for seasonally adjusted initial claims was 408,000, an increase of 9,000 from the previous week's revised figure of 399,000. The 4-week moving average was 402,500, a decrease of 3,500 from the previous week's revised average of 406,000. |
| Posted by:DarthVader |
| #4 The numbers do not include those who give up looking for work each week. If I read correctly, the total number employed continues to decline. |
| Posted by: Glenmore 2011-08-18 19:43 |
| #3 As The Professor says each time they publish "lowered" jobless numbers - wonder how much they'll be quietly revised upward next week? |
| Posted by: Barbara 2011-08-18 18:58 |
| #2 IOW the variations of the last few weeks are just statistical noise with no long term change to speak of. Still piss poor job growth. |
| Posted by: tipover 2011-08-18 16:46 |
| #1 RTWT- Ed does a good job of skewering Reuters with simple, easy-to-understand facts. |
| Posted by: Free Radical 2011-08-18 13:47 |