| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Initial Claims Maintain Bubble Record Levels Pushing Fed To Take Action on Rates
wallstreetexaminer.com / by Lee Adler •
The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 274,000 on Thursday. The Wall Street conomist crowd consensus guess was 270,000.
We’re not interested in the expectations game. Instead, we focus on the actual trend. The actual weekly totals first set an all time record low in September 2013. That trend has continued since then, with each weak either being at or near record levels for that week each year. Previous similar periods were associated with the tops of bubbles, even continuing beyond the bubble peaks.
The Department of Labor (DoL) also reports the unmanipulated numbers that state unemployment offices actually count and report to the DoL each week. This week it said, “The advance number of actual initial claims under state programs, unadjusted, totaled 242,794 in the week ending May 16, a decrease of 88 (less than -0.1 percent) from the previous week. The seasonal factors had expected a decrease of 8,722 (or -3.6 percent) from the previous week. There were 287,398 initial claims in the comparable week in 2014”
The post Initial Claims Maintain Bubble Record Levels Pushing Fed To Take Action on Rates appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/05/23/initial-claims-maintain-bubble-record-levels-pushing-fed-to-take-action-on-rates/
