Weekly Unemployment Claims at 393K: The Sandy Effect Is Wearing Off
From dshort.com - Advisor Perspectives
November 29, 2012 - 9:05am
Nov 29, 2012 Doug Short The Unemployment Insurance Weekly Claims Report was released this morning for last week. The 393,000 new claims number was a 23,000 decrease from a 6,000 upward adjustment of the previous week as the impact of Sandy wears off. The less volatile and closely watched four-week moving average, which is usually a better indicator of the recent trend, rose to 405,250. Given the impact of Hurricane Sandy, the four-week MA will show a lessening skew for the next three weeks or so. Here is the official statement from the Department of Labor: More...
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