Second: the most recent reading was 403,000.
Third: the previous reading was raised to 409,000.
Here are the facts:
Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted 403,000, the Labor Department said, from an upwardly revised 409,000 the prior week.
Economists polled by Reuters had forecast claims falling to 400,000 from the previously reported 404,000.Here is the government spin and the lede:
New claims for unemployment benefits fell last week and a gauge of labor market trends hit a six-month low, a government report showed on Thursday, pointing to an improvement in the jobs market.Wow, it's great to be out and about in the Bakken and now listening to "talking heads" on CNBC dissecting this atrocious data.
Speaking of the Bakken, I was out in the field by 5:00 a.m. and it was incredibly balmy. I looked for meteors; didn't see any. Will try again the rest of the week.
It is incredibly balmy, as noted. They say it will hit 60 degrees today. Sixty degrees in northwestern North Dakota in October is like 90 degrees in San Antonio in December. Wonderful.
If this is global warming, bring it on.
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