True enough, I said, "but why is that only mentioned when it makes things look better?"
Well, this week's figures are out.
Washington (AP, April 22) - Fewer people signed up for jobless benefits last week, a sign that companies are feeling less inclined to slash their work forces now that the economy is rebounding.See anything about a four-week average in there? Neither do I. Interestingly, my very rough calculation indicates that a four-week average would show a 4,000-5,000 increase rather than the one-week 9,000 decrease. But that couldn't have been the reason for not mentioning a four-week average.
The Labor Department reported Thursday that new applications filed for unemployment insurance dropped by a seasonally adjusted 9,000 to 353,000 for the week ending April 17. The decline, which came after new applications rose sharply in the previous week, left claims at a level that was higher than the 340,000 analysts were expecting.
Could it?
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