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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Spark who wrote (224)	2/19/2004 9:57:04 AM
From: mishedlo	Respond to of 116555

U.S. jobless claims fall on better weather By Rex Nutting WASHINGTON (CBS.MW) - Initial U.S. jobless claims fell back in the most recent week after bad weather had boosted the level for the previous two weeks. First-time claims for state unemployment benefits fell by 24,000 to 344,000 in the week ending Feb. 14, the Labor Department said Thursday. The four-week average for first-time state jobless claims rose to 352,000 from 351,750 in the week ending Feb. 14, the Labor Department reported Thursday. It's the highest this year. Bad weather had boosted layoffs in the previous two weeks, a Labor Department official said. Excluding those two bad weeks, initial claims have averaged 342,250 over the past six weeks. =========================================================== Sheesh. Everyone is jumping on the pro forma bandwagon. ================================= It's a one-time-charge. We don't expect bad weather to happen again. :) btw, it's winter. Aren't these figures "seasonally adjusted" to begin with? What is considered bad weather in winter anyway? Too much sunshine? Had to unexpectedly lay off all those snowplow crews?