Updates
Later, mostly from social media and/or links to mainstream media:
- Reuters, OMG, a three-month high!
- AP News, OMG, highest since August!
- breathlessly, 240K vs 225K expected!
Original Post
Headlines, first time unemployment claims:
- "highest since August"
- "sharp increase"
- "claims surge"
- "exceed forecast"
So, what were the numbers?
- that sharp increase?
- up 17,000 from 222,000 to 240,000 (source? CNN. Who does their math?)
- exceed forecast?
- forecast: 225,000
- actual: 240,000
- forecast practically on the mark, if you ask me
- 350 million Americans and "actual" number was off by 15,000?
- calendar?
- since ....
- since August 13, 2022 -- about three months ago
- so, simply background noise?
- or are the powers that be -- are they trying to put pressure on the Fed to pivot with claims of surging unemployment?
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