[NY.SS-Bar9]

350,000 new unemployment claims, 113,000 new hires and the unemployment rate drops 0.1

Reads like Pravda and Tass circa 1972.

[Wyatt's Torch]

Sigh... I guess I have to go through this again.

Initial Claims is the number of people who lost there job in one week. There are tens of thousands who are hired and fired/quit every week.

The NFP jobs report is the NET INCREASE OR DECREASE of that churn (caveat - not the same data set but related)

The initial claims we are experiencing now is well within normal range for a growing economy.

[familyop]

"350,000 new unemployment claims,"

That's from only one week.

"113,000 new hires"

That's from a month.

"and the unemployment rate drops 0.1

Reads like Pravda and Tass circa 1972. "

Agreed. Well said.

[Shady]

Check the WARN notices for Gnu Yak and California...that really tells the story, folks...future job losses are staggering, trust me..