From Pine View Farm

Nothing To Do, Nowhere To Go 0

Still under 300k, still not terrible.

Initial jobless claims climbed by 7,000 to 265,000 in the week ended March 12, a report from the Labor Department showed on Thursday.


The four-week moving average of claims, a less volatile measure than the weekly figures, rose to 268,000 from 267,250. . . .

The number of people continuing to receive jobless benefits rose by 8,000 to 2.24 million in the week ended March 5.

Bloomberg’s headline asserts that Jobless Claims in U.S. Climbed Less Than Forecast Last Week. A more accurate rendition would be Jobless Claims in U.S. Climbed Less Than Bloomberg Forecast Last Week.

In reference to Bloomberg’s forecasts of the unemployment rate, if Bloomberg tells you to bet on Teabiscuit in the ninth at Belmont, don’t be surprised if Teabiscuit comes in seventh in a field of five.


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