The Department of Labor reported today that initial jobless claims for the week ending November 21st fell 35,000 on a seasonally-adjusted basis from the previous week.

They rose 68,080 on an not-seasonally-adjusted basis, but this basically means that jobless claims rose less than normal for this time of year. Seasonal adjustments are widely used to spot overall unemployment trends since the employment market is indeed seasonal.


quikpik101 at 12:35 2009-11-26 said:
Come on, lets be realistic. Does anyone REALLY trust the "adjusted" figures that the government puts out anymore? Permalink

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