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Less Is More

10:06 AM, Jul 11, 2013 • By GEOFFREY NORMAN
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The AP tweets that initial claims for unemployment benefits are up.  (You can, incidentally, be sure that this news was "unexpected.")  But the numbers come with a little editorial kicker:

BREAKING: US unemployment benefit applications rise to 360K, a level consistent with steady job gains.

Welcome to the endless summer of recovery.

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