Weekly Jobless Claims
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 […]
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 […]
Mike: Thursday’s Jobless Claims report shows that weekly claims increased, but continuing claims decreased for the first time after increasing for the past 21 weeks. The four-week moving average, which smooths weekly volatility fell to 615,000. The news media is trumpeting the continuing claims decline without mentioning the effect of people losing their unemployment benefits. There […]
