Jobless Claims Increased Sligthly Last Week, But The Trend Remains Encouraging
From The Capital Spectator
January 10, 2013 - 9:53am
Today's weekly update on jobless claims is a good example of how the inherent noise in this data series can mislead us if we're overly focused on the most recent data points. New filings for jobless benefits rose 4,000 last week to a seasonally adjusted 371,000, pushing claims up to the highest level in a month. The rise is a modest surprise relative to expectations, which projected a slight...
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