I sense another round of disconnect from the media’s report of today’s jobless claims numbers coming in worse than “expected” at 480,000.
Initial jobless claims rose by 7,000 to 480,000 in the week ended Dec. 12, from a revised 473,000 the prior week, Labor Department figures showed today in Washington. The number of people receiving unemployment [...]

Continue reading about Jobless claims rise “unexpectedly” to 480,000. Why it shouldn’t be unexpected.

Mike: The Thursday Jobless Claims report shows a worse showing than expected with 627,000 jobless claims compared to a 600,000 estimate.  The four-week moving average also increased, although by only 500, but it shows that jobless claims are still at recessionary levels and not improving as quickly as most “experts” had envisioned.
The 4-week moving average was [...]

Continue reading about June 25 – Jobless claims rise to 627,000 – Continuing claims increase to 6.74 million – Corus to cut >2000 UK jobs – Kimberly-Clark to chop 1,600 Jobs – U Minn. to dismiss 1240