First Time Claims
9:02 AM, Jan 30, 2014 • By GEOFFREY NORMAN
As expected, first time claims rose “unexpectedly," last week. As Jeanna Smialek of Bloomberg reports:
This was the biggest “miss” in six weeks but, then, expert interpretation of these reports is a tricky thing and requires subtle understanding of various outliers. Note, for instance, that last week included “the Martin Luther King holiday” which nobody expected. A miss next week will be even easier to account for, what with snow in Atlanta.
It begins to seem that the enduring headline on most unemployment/jobs stories might as well be, Same Old, Same Old.
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