Nothing To Do, Nowhere To Go 0
A perfect storm:
The level of claims reflects the economic drag associated with Sandy, which made landfall in the Northeast on Oct. 29, killing more than 100 in the U.S. and leaving about 8 million homes and businesses without power for days.
(snip)
The four-week average, a less volatile measure than the weekly figures, rose to 396,250 from 386,750.
Economists’ estimates for claims last week ranged from 365,000 to 500,000. Claims in the previous week were revised to 451,000 from a previously reported 439,000.
