13 October 2011

It's Jobless Thursday

And the initial claims numbers are basically flat, which is still too high for a meaningful recovery, with the 4-weeking moving average and continuing claims numbers falling slightly, but extended and emergency claims rose.

When juxtaposed with the non-farm payroll numbers for September being over 100,000 less than is needed to accommodate natural growth in the labor force, this is not good news.

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