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Jobless Claims

8:56 AM, Dec 12, 2013 • By GEOFFREY NORMAN
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Initial jobless claims rose 68,000 to 368,000 as per this morning’s figures. This:

… was the largest weekly increase since November 2012. Claims for the prior week were revised to show 2,000 more applications received than previously reported.

Comes unexpectedly, of course, and now, the same people who didn’t expect it will get busy and start explaining it. When they are finished, the thing will appear to have been utterly predictable. And, either a big deal or no deal at all.

Safe to say that it is not unalloyed good news. What it means for “tapering, Hillary’s chances in 2016, and the likelihood of snow at the Super Bowl … the experts will soon let us know.

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