First Time Unemployment Claims "Jump" To Highest Level In Five Months -- December 1, 2016
First time unemployment claims:
- "jump" to highest level in five months;
- "rose more than expected" -- wow, haven't we heard that before (and before and before and before); but,
- the underlying trend remained consistent with a strengthening labor market (the robotic reporter "said")
The numbers:
- increased 17,000 to seasonally adjusted 268,000
- forecast: rising to 253,000 -- so only off by about 15,000
- but still below the 300,000 threshold -- longest run since 1970
- four-week moving average edged up 500 to 251,000
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