Possibly a trend, plus Bloomberg’s “experts” blow it yet again:
Jobless claims decreased by 27,000, the most in a month, to 341,000 in the week ended Feb. 9, Labor Department figures showed today in Washington. The level of filings was lower than any projection in a Bloomberg survey in which the median forecast was 360,000.
Estimates of the 49 economists in the Bloomberg survey ranged from 350,000 to 375,000 claims. The Labor Department revised the previous week’s figure to 368,000 from a previously reported 366,000.
The four-week moving average, a less volatile measure than the weekly figures, rose to 352,500 last week from 351,000.
I wish I could get paid so well for consistently being wrong.