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Initial Jobless Claims: -7K to 395K vs. 400K consensus. Continuing claims -60K to 3.69M.

Initial Jobless Claims: -7K to 395K vs. 400K consensus. Continuing claims -60K to 3.69M.
Comments (5)
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    nobody cares about this number anymore basically the most important stat is no longer relevant. fundamentals no longer matter. it is fear and loathing time. keep your wits about you. do not panic. this too shall pass.

     

    E
    11 Aug 2011, 08:36 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    Fundamentals do matter....and they have sucked for quite some time no matter what attempt was being used to prop them up to make the economy (and Keynesian economists and pols) look like something it was not - good. It is relatively easy to manipulate numbers such as GDP (C,I,or G) in the short run, however, it is the long run that returns and bites you in the butt.
    11 Aug 2011, 09:01 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2198) | Send Message
     
    NSA still headed in the right direction. Long term still not good….are we improving? Just seeing a summer pop? Is it lagging since other indices are not so great? The trade gap was just ugly. Or is a small foot hold on employment finally here?
    11 Aug 2011, 08:36 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2198) | Send Message
     
    Whoops I read the report wrong….NSA increased by 10,000?…FAA workers? Several sites are claiming no.
    11 Aug 2011, 08:59 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3531) | Send Message
     
    Oh good. Another 395K people released from exploitation by evil capitalists. :-(
    11 Aug 2011, 12:13 PM Reply Like
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