Relevant:
- Initial Claims Drop 16,000 To Lowest Weekly Level Since 2007, Economists Miss Again
- January Job Gains Were Right On Trend, But Not Enough To Shrink Unemployment and Stop Fed Printing
- First Time Claims Data a Renoir
- False Claims and Absurdities of Mainstream Media Reports On Initial Unemployment Claims
- Jobs Numbers Much Worse Than You Think
2012-08-17 — wallstreetexaminer.com
Applying the NSA year to year change of 7.9% to the SA claims number of 408,000 for the same week in 2011, the current SA number would be 376,000, which is 10,000 more than was reported. So as usual, the SA claims number is misleading. The number should be higher to reflect that actual amount of change since last year. The seasonal adjustment process applied to weekly data is the problem
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