“Nothing To Do, Nowhere To Go” 0
For all practical purposes, no change:
(snip)
Filings have been below 300,000 for 78 straight weeks, the longest stretch since 1970 and a level that is typically consistent with an improving job market.
The number of people continuing to receive jobless benefits rose by 14,000 to 2.16 million in the week ended Aug. 20. The unemployment rate among people eligible for benefits held at 1.6 percent.
Bloomberg is all a-titter because the figure is a measly 2,000 lower than its forecast (that’s 0.7%); that’s much ado like not much of anything.
A pox upon their forecasts, a veritable pox, I say, and a greater pox upon their incessant nattering about them.
