31 May 2012

It's Jobless Thursday!

And initial claims are up, 1st quarter GDP is revised down, and the ADP job numbers are anemic.

BTW, the Indian economy appears to be slowing down too.

This seems to happen every summer.

For the past three years, there has been an apparent pickup in the Fall and Winter that sputters out toward the end of Spring.

I;m beginning to think that the seasonal adjustments need to be tweaked.

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