Jobless Claims: Heh, What Happened?

Posted 2011-01-06 09:02
by Karl Denninger
in Employment

In the week ending Jan. 1, the advance figure for seasonally adjusted initial claims was 409,000, an increase of 18,000 from the previous week's revised figure of 391,000. The 4-week moving average was 410,750, a decrease of 3,500 from the previous week's revised average of 414,250.

The previous week was revised up too. No really?

Here's another 100,000ish people who either found jobs or ran out of extended benefits.

We should get a decent handle on which it is tomorrow.

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