Seasonally adjusted BS.
Use Karl Denninger’s analysis of these reports.
Also, if you go to MarketWatch, search “irishscot2.”
http://community.marketwatch.com/irishscot2
In my opinion “irishscot2” has THE best analysis of all government reports.
As he says about this one, these numbers are seasonally adjusted. They will be up again in the spring. He predicts unemployment (U3) will be over 12% by fall...election time. And he is very accurate in these predictions.
Good analysis!!
Another good one.
http://www.zerohedge.com/article/bloomberg-unemployment-and-potential-big-not-so-surprise