Relevant:
- What A Shock! (Not) Initial Claims Beat Consensus AGAIN! Stock Uptrend is SAFE | The Wall Street Examiner
- Conomists Constantly Confused As Seasonally Adjusted Claims Data Continues To Diverge From Reality
- Initial Unemployment Claims Belie Last Week's Hysteria on Jobs
- Jobs Numbers Much Worse Than You Think
- Pending Home Sales Didn't Really Miss
2013-03-21 — wallstreetexaminer.com
Forget the headline numbers. As usual they are misleading. First time unemployment claims actually declined by 16,000 last week and are currently declining at a 5.7% annual rate, staying close to the average year to year drop of the past two years. This is the actual number counted by the states, not the seasonally adjusted headline fiction reported by the mainstream financial media.
The decline in claims continues to surprise economists, who apparently pay no attention to the strength in Federal withholding tax data, a real time indicator
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