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Showing posts with label U-6. Show all posts
Showing posts with label U-6. Show all posts

Thursday, 13 October 2011

Are the Initial Jobless Claims "better than expected" ?

Today's initial jobless claims printed at 404k, "way better" than the estimate of 405k. That means the economy is going to get better and banks will start crediting again. Is that so?

Let's take a closer look on how the Department of Labor arrives at this particular figure: