Jobless claims for the preceding week were revised up to 355,000 from a previously reported increase of 352,000.
posted on 04/25/2013 6:22:56 AM PDT
(Moderation in temper is always a virtue; but moderation in principle is always a vice.-Thomas Paine)
More people dropping out of the workforce.
posted on 04/25/2013 6:25:16 AM PDT
by Night Hides Not
(The Tea Party was the earthquake, and Chick Fil A the tsunami...100's of aftershocks to come.)
The 4 week moving average declines and remains well under the 400K number that is the rule of thumb for job creation:
posted on 04/25/2013 6:25:27 AM PDT
by Wyatt's Torch
(I can explain it to you. I can't understand it for you.)
From Zero Hedge: “It was unclear immediately following the report which states were estimated if any: as a reminder last week the DOL announced that 2 states had their data estimated. Continuing claims dropped from an upward revised 3093K to 3000K, the lowest in 5 years. Of course, with millions of people now prematurely out of the labor participation rate, what if any data the initial claims report provides these days, is very much unclear.”
posted on 04/25/2013 6:27:39 AM PDT
"EUREKA! It's another UNEXPECTED miracle!!!"
posted on 04/25/2013 6:39:03 AM PDT
by Iron Munro
(Welcome to Obama-Land - EVERYTHING NOT FORBIDDEN IS COMPULSORY)
It’s Fun With Numbers Thursday!
posted on 04/25/2013 6:52:32 AM PDT
(I got expelled from the "fundamental transformation" indoctrination center.)
How many people would normally file in a large city such as Boston in any given week? While one can file online, I don’t believe too many people were leaving their homes last week to head down to their local unemployment offices in Beantown.
posted on 04/25/2013 7:53:34 AM PDT
by mellow velo
(Oxymorons: jumbo shrimp, rap music, liberal think-tank)
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