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Thursday, November 18, 2010

439,000

The weekly jobless claims number is still above the magic 400,000 number. Allegedly the trend is still one of an improving job market. Seriously now, can it get worse?

Reuters: Jobless claims rise 2,000 last week
...but the underlying trend remained tilted toward a gradual improvement in the labor market.

3 comments:

Glynn Kalara said...

Don't buy the official nos. Millions are running out of UI claims and will then disappear off of this chart. The UI nos. will go down as these people no longer are considered unemployed. The permanent unemployed are growing by leaps and bounds is the real story as America become poorer by the hr.

Jim Sande said...

That's the truth.

The official number are crafted to make politicians look good.

I hope nobody reading this blog falls for it.

Glynn Kalara said...

When nobody has a job and the Un rate is Zero then everyone will figure it out.