From Pine View Farm

Nothing To Do, Nowhere To Go 0

Still above 400k:

Jobless claims fell by 6,000 to 422,000 in the week ended May 28, Labor Department figures showed today in Washington. Economists surveyed by Bloomberg News projected a drop in claims to 417,000, according to the median forecast. The number of people on unemployment benefit rolls and those receiving extended payments decreased.

Bloomberg put “less that forecast in its headline.”*

Less than whose forecast? one might ask.

Why, Bloomberg’s, of course.

This says nothing about unemployment, but something about forecasters.

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*As it that actually meant anything to anyone other than bookies.

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