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New Jobless Claims: Totally Expected and What to Expect Next

rreid Wrote: Feb 04, 2013 12:35 PM
Obama: The economy is improving slowly but steadily. The MSM: ditto. Obama: We have created 5 million new jobs. The MSM: Yes they have Why is no one pointing out that about the same number of jobs have been lost, resulting in, at best, a wash for the economy This is not an improving economy. It is a repeat of the Jimmy Carter malaise economy. The only difference being that DC has learned how to keep the inflation figures under the table by artificially manipulating intrerest rates. How do you explain the administration railing and demonizing Wall St. while Wall Street is the only segment of the economy that is visibly thriving?
swawrzynek Wrote: Feb 05, 2013 9:42 PM
Wall Street, is only thriving "on paper". Wait until the S&%* hits the fan, again !

As we expected, the number of new jobless benefit claims jumped from the low level reported in the previous week. Let's show where things stand now, then get to some analysis - our chart below shows where we are with respect to the most recently established trend for new jobless claims: