Economics

Jobless Claims Drop 23% Year to Year, Continue Dangerous Extremes

Initial Claims and Annual Rate of Change- Click to enlarge

The headline, fictional, seasonally adjusted number for initial unemployment claims came in at 287,000, slightly lower than the consensus guesstimate of  Wall Street economists of 295,000. The actual, not seasonally finagled numbers, which the Wall Street captured media ignores, shows claims continuing at all time record levels on the basis of claims per million workers, a condition which has…

Initial Claims Celebrate a Year At Record Levels

Initial Claims Per Million Workers- Click to enlarge

The headline, fictional, seasonally adjusted number for initial unemployment claims of 293,000 surprised Wall Street economists a bit this morning as their consensus guess had been 300,000. The actual, not seasonally finagled numbers, which the Wall Street captured media ignores, shows claims at all time record levels, slightly below the levels reached at the top of…

Overheating Continues As Initial Unemployment Claims Set Another Record Low

Stock Prices and Initial Claims- Click to enlarge

The headline, fictional, seasonally adjusted number for initial unemployment claims of 280,000 left the consensus estimate of Wall Street economists in the dust this morning at 305,000. They had adjusted their sights after last week’s stutter step that suggested slowing. But this week the actual numbers were back on trend. The actual, not seasonally finagled…