Such tortured writing...
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Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 500,000 in the week ended Aug. 14, the highest since mid-November, the Labor Department said.
Analysts polled by Reuters had forecast claims slipping to 476,000 from the previously reported 484,000 the prior week, which was revised up to 488,000 in Thursday’s report.
That tortured presentation method is courtesy DoL.
Look for 504,000 as the revision announced next Thurs. The following few weeks then showig lower #s.
Maybe Reuters should hire some additional analysts...preferably those with brains this time...since they seem to be wrong most of the time. And every little bit helps, ya know!
Mrs. Prince of Space