Nothing To Do, Nowhere To Go 0
Bad week on jobs front. Unemployment claims back up above 450 grand.
(snip)
Analysts polled by Reuters had expected claims to fall to 440,000. A Labor Department official said there was nothing unusual in the state level data.
The four-week moving average of new claims, which is considered a better measure of underlying labor market trends, rose 3,000 to 453,500.
By the way, don’t let those Reuters analysts help you pick the ponies next time you go to the track.