Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: redfish who wrote (11536)	9/9/2004 9:10:57 AM
From: mishedlo	Read Replies (1) of 116555

U.S. initial jobless claims plunge 44,000 By Rex Nutting WASHINGTON (CBS.MW) - The number of workers filing for state unemployment benefits plunged by 44,000 in the week ending Sept. 4 to 319,000, the Labor Department said Thursday. It was the biggest decline in initial claims since December 2001.... cbs.marketwatch.com{2B917CC4-6C5D-405E-A84A-A107371C9E45}&siteid=mktw&dist=bnb Released on 9/9/04 For wk 9/4 2004 Jobless Claims Actual 319K Consensus 345K Consensus Range 335K to 360K Highlights First-time jobless claims plunged 44,000 in the September 4 week -- the largest single drop in nearly three years! The new level of 319,000 is the lowest since early July. But seasonal factors surrounding the later Labor Day weekend this year may have exaggerated the improvement. In addition the Labor Department warned the data were skewed lower by the after-effects of Hurricane Charley, which exaggerated claims to the upside in the prior two weeks. Dramatic swings in this series are common though today's is unusually severe. The best way to look at the data is to use the four-week average, which helps to dampen week-to-week effects.... mam.econoday.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next