Seeking Alpha

Jobless Claims down 26K to 323K

  • Initial Jobless Claims:  -26K to 323K vs. 338K consensus, 334K prior revised (349K prior).
  • Continuing claims -8K to 2.91M.
Comments (4)
  • WMARKW
    , contributor
    Comments (10393) | Send Message
     
    Oh Dang, last week I forecasted 345k for this week (at least I was close to consensus). Hmm....look at that revision...perhaps next week's revision will be up from the 323k.

     

    OK, I am (STILL) learning. Next week, I'll forecast initial claims at 330,000 (pick middle of the road).
    6 Mar, 08:42 AM Reply Like
  • mrdirt
    , contributor
    Comments (500) | Send Message
     
    UE Claims down because of the weather?
    6 Mar, 09:59 AM Reply Like
  • WMARKW
    , contributor
    Comments (10393) | Send Message
     
    mrdirt - yes....people can't get to the UE office to fill out the paperwork. :-)
    6 Mar, 06:32 PM Reply Like
  • Papaswamp
    , contributor
    Comments (2198) | Send Message
     
    Decent report as long as we have now accepted +300,000 new claims is ok. Interesting historically if you are trend fan.
    http://bit.ly/1hP2Voi

     

    Notice how the bottoms all look the same....looks like we have already hit this cycles bottom.
    6 Mar, 08:52 AM Reply Like
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