15 September 2011

It's Jobless Thursday

And not only were the numbers worse than expected, but they are the worst numbers since June, with claims closing by 11,000 to 428,000, with the 4 week moving average rose by 4,000 to 419,500, though continuing and total claims both fell slightly.

We are not in a recovery, as the latest Philadelphia Fed's Survey of manufacturing showed, with the numbers indicating contraction.

Why people aren't running around like their hair on fire over this, I do not understand.


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