Nothing To Do, Nowhere To Go 0
Still under 300k.
Applications for benefits have been below 300,000 for 18 straight weeks, the longest stretch since 2000 and indicating companies are content to maintain staffing levels.
(snip)
The four-week average of claims, a less-volatile measure than the weekly figure, increased to 279,500 from 275,000 the week before.
The number of people continuing to receive jobless benefits rose by 69,000 to 2.33 million in the week ended June 27.
Bloomberg’s headline clutches pearls about how this is more than forecast (gasp!), as if that is a problem with the economy, when, in fact, it is a problem with Bloomberg’s “forecasters,” who, if they were meteorologists at your local AM-talker, would have been moved to reading traffic reports a long, long time ago.
