Nothing To Do, Nowhere To Go 0
Slight positive trend and one surprise:
The number of claims in the month ended Aug. 17 declined to 330,500 a week on average, the least since November 2007, a Labor Department report showed today in Washington. Compared with a week earlier, claims rose by 13,000 to 336,000, in line with the median forecast of 48 economists surveyed by Bloomberg.
(snip)
The number of people continuing to receive jobless benefits increased by 29,000 to 3 million in the week ended Aug. 10. The continuing claims figure does not include the number of Americans receiving extended benefits under federal programs.
(snip)
Those who’ve used up their traditional benefits and are now collecting emergency and extended payments decreased by about 51,800 to 1.5 million in the week ended Aug. 3.
The surprise is that Bloomberg’s “experts” were in the ballpark.
