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Unexpected ... Again

9:27 AM, Jan 31, 2013 • By GEOFFREY NORMAN
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According to Bloomberg:

Initial jobless claims rose 38,000 in the week ended Jan. 26, the most since Nov. 10, to 368,000, the Labor Department reported today ... Economists forecast 350,000 filings ...  

The news may come as a surprise but explanations will, undoubtedly, be appearing shortly. To include, possibly, the reassuring message that this is the best looking increase in initial claims that you will ever see.

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