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I no longer feel the need to have the word "Extreme" in front of this post's title. Today's initial claims report was actually pretty good.
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We're desperately trying to get back to that red trend line. There is hope that this exponential trend failure can actually unfail. Wouldn't that be a first? In any event, we're in the Borderlands!
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That's 65 straight revisions to the upside.
Update:
October 11, 2012
So Much For Today's Surprising "Drop" In Weekly Jobless Claims; California Forgot to Report 30,000 Claims; What We Learned Today
The spokesman said that the unprocessed claims are likely to show up in the numbers in the next week or two. “We should see some sort of catch up.”
Hey, the euphoria was fun while it lasted. We now return you to your regularly scheduled programming. I guess there really ain't no heaven. At least I got the musical tribute right, lol. Sigh.
My count was off. It was actually 67 straight weeks.
See Also:
Extreme Initial Claims Danger v.17
Source Data:
St. Louis Fed: Initial Claims
DOL: Initial Claims
3 comments:
Soon to be 66 (once the "missing state" numbers are added back in).
TJandTheBear,
No doubt! This massive revision is could seriously uglify* my revisions chart.
* I really dislike having to rescale an entire chart to account for one massive spike in the data.
Is could? My grammar uglified, lol. Sigh.
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