Nothing To Do, Nowhere To Go 0
(snip)
The four-week moving average, a less-volatile measure, fell to 385,750 last week from 387,250.
The number of people continuing to collect jobless benefits climbed by 4,000 in the week ended June 23 to 3.31 million. The continuing claims figure does not include the number of workers receiving extended benefits under federal programs.
According to Bloomberg last week, that week’s figures were a disaster because they were slightly higher than Bloomberg’s “experts” predicted. Therefore these figures must be wonderful because they are lower than the “experts” predicted.
The figures lead to one inescapable conclusion. Bloomberg needs new experts.