Nothing To Do, Nowhere To Go 0
(snip)
The four-week moving average increased to 386,250, the highest since the week ended Dec. 3, from 382,750.
Last week included the 12th of the month, which coincides with the period the Labor Department uses in its survey of employers to calculate monthly payroll growth. The four-week average for the May survey week was about 10,000 lower, indicating little progress this month. The employment report for June will be released on July 6.
Bloomberg thinks that the big news is that the decrease was less than their “experts” expected.
They left out the part about their experts almost always being wrong–sometimes high, sometimes low, but almost always wrong.
