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Jobs? Not So Good.

9:20 AM, Jan 23, 2014 • By GEOFFREY NORMAN
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This week’s first time claims number is yet another mushy indicator which will be spun according to the preconceptions of the spinner.  As Jeffrey Sparshott & Sarah Portlock report at the Wall Street Journal:

Initial claims for jobless benefits, a measure of layoffs, increased by 1,000 to a seasonally adjusted 326,000 in the week ended Jan. 18, the Labor Department saidThursday. Economists surveyed by Dow Jones had expected 330,000 new claims.

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