Initial Jobless Claims: 350K vs. 375K consensus (prior week revised to 376K from 374K)....
Jul 12 2012, 08:30 ET
Initial Jobless Claims:
vs. 375K consensus (prior week revised to 376K from 374K). Continuing claims
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WOW Good numbers. There is recovery. Just some more Fed action and the market will skyrocket.
12 Jul 2012, 08:40 AM
These numbers are being played by the administration. How many previous jobless claims reports are revised UP after the fact?
12 Jul 2012, 08:56 AM
I think all of them for this year.
12 Jul 2012, 11:30 AM
13 Jul 2012, 03:50 AM
We need bbro to comment on these numbers.
Apparently there were a bunch of factors which caused the skewing and the conclusion is that not much has change.
I note the NSA numbers were up 70,000 w/w to 440k which seems like a nasty number but I don't know how to interpret it.
12 Jul 2012, 11:58 AM
The NSA spike is worrisome especially with a holiday midweek. The seasonal adjustment is huge.
12 Jul 2012, 03:24 PM
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