Another Jobs Report Prompts Head Scratching - US Business News - CNBC
For the second time in a week, a government unemployment report is
sowing confusion—and may not be as positive as the markets think.
First it was last Friday’s August payrolls report, which showed an
unexpectedly large drop in the unemployment rate, that spurred confusion
(and conspiracy theories). Now, a sharp drop in the pace of new jobless
claims has also left people scratching their heads.
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.
… 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.
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