Thursday :: Nov 13, 2003

Oops, Jobless Claims Rise

by Steve

The advance look at the weekly jobless report out later shows that last week's first-time claims number of 348,000, which was widely trumpeted by the Administration and Wall Street as one indicator of the end of the jobless recovery, has now been revised up to 353,000. Today's report for this week shows another increase in the number of first-time filers to 366,000. But of course all of those Wall Street and Administration experts will tell us that everything is on track and just as they said it was last week when 348,000 and a downward trend were the all the rage.

Steve :: 7:32 AM :: Comments (4) :: Digg It!