◼ Why Jobless Claims May Not Be as Good as Market Thinks - CNBC
The Labor Department on Thursday said the number of people filing jobless claims last week dropped by a seasonally adjusted 30,000—a pretty sharp decline, and one that left the total number of filings at a four-year low of 339,000....
In other words, the drop of 30,000 last week had more to do with the lack of expected re-filings at the start of the fourth quarter than with any particular improvement in labor market conditions.
◼ It Looks Like The Huge Drop In Jobless Claims Was All Due To One Mystery State - Business Insider
◼ We've Gotten To The Bottom Of The Mysterious Jobless Claims Report!
...had all of California's jobless claims been processed in time to make the jobless-claims release, this jobless number would still have been better than economists were expecting--but not as much better as it appeared.
