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New jobless claims continued their see-saw trend, this week heading down, slightly, to 367,000 new claims vs. 368,000 the week before. Here is the trend: Last week’s employment report was much more negative in that unemployment actually rose, if you consider the shrinking labor force because of labor dropouts–people who gave up looking. [...] The BLS reported today that new claims for unemployment insurance still hung in at the 400,000 per week level that we have been seeing for the past year. The number was 402,000 new claims. Continuing claims rose 35,000 to 3.740 million which is the highest level in two months. The four-week average is up 12,000 to [...] In case you were hiding in your bunker today waiting for President Obama’s jobs speech you might have missed today’s jobs report which continues to be negative. It measures new claims for unemployment insurance: Jobless claims continue to hold steady, up 2,000 to 414,000 in the September 3 week (prior week revised 3,000 higher to [...] |
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