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To: The Freep who wrote (51655)	8/29/2002 10:06:58 AM
From: reaper	Read Replies (2) \| Respond to of 209892

Greg Jones at Briefing.com surprisingly thinks the initial claims number is no big deal <g>. No matter that it has been trending upward for 6 weeks. Wonder if he'll be 'concerned' when he's the one standing in line at the dole office. 8:32AM Claims a bit higher than expected : Jobless claims rose 8K to 403K in the Aug 24 week, above the 385K consensus. Though a sustained increase above 400K would be a concern, one week above that level is not enough to prompt any serious concern about the job market. The second pass at Q2 GDP was unrevised at 1.1% and was of little interest. Cheers