Lee Adler

Wall Street Pulls Its Pud Over Headline Jobless Claims Data

Initial Claims As Percent of Eligible - Click to enlarge

Behind the initial claims headline number, the real story was a bit different (nothing new about that). Bloomberg was frothing at the mouth with this headline… … while amazingly failing to note that that was the year the economy began to collapse from the weight of the massive credit and housing bubbles that preceded. Today, in…