Nothing To Do, Nowhere To Go 0
For all practical purposes, status quo ante.
The number of Americans filing for unemployment benefits last week remained historically low.
Jobless claims increased by 4,000 to 277,000 in the week ended Aug. 15, a Labor Department report showed Thursday in Washington. The median forecast of 48 economists surveyed by Bloomberg projected 271,000. Applications have been lower than 300,000, a level typically associated with an improving job market, since early March.
(snip)
The four-week average of claims, a less-volatile measure than the weekly figure, climbed to 271,500 from 266,000 the week before, the lowest in more than 40 years. . . .
Estimates from 48 economists in the Bloomberg survey ranged from 264,000 to 285,000. The prior week’s claims were revised to 273,000 from an initial reading of 274,000.
Follow the link to see Bloomberg’s fear-mongering headline. It’s a hoot.
