“That’s not the way it works..”
Happy days are here again, thanks to Obama!
How it worked until I noticed Thursday reports didn’t seem to be available a few weeks ago, was that ABCCBSCNNNBCFOX/AP would report every Thursday morning that 350-something thousand NEW applications for unemployment were filed in the last week.
How do YOU remember it?
Initial Unemployment Claims are released every Thursday at 8:30 am ET and have been for years...
The 4 week moving average of Initial Claims is 352,000. As a point of reference the average for the period 1967 until now is 363,000 which means this level of claims is right in line (actually below) with the average over the last 45 year average.