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Initial Claims Print Better Than Expected At 390K, Last Week Again Revised To 400K

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Thu, 10 Nov 11 5:52 PM | 76 view(s)
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Submitted by Tyler Durden on 11/10/2011 08:43 -0500

BLS
Bureau of Labor Statistics
Continuing Claims

The only question we have is how much higher will this week's 390K number be revised to next week in continuing the BLS one trillion sigma tradition of revising every prior number higher and never lower. As it stands, the 390K is the lowest since April, and a drop of 10K from both the previous print and expectations. In other news Non-seasonally adjusted claims increased by +29,106 to 398,753: this is the second highest number since July. What was also notable is that those on EUCs and Extended Benefits rose by 43K in the past week, an odd reversal to the now persistent issue of 99'ers hitting the cliff. In other news, the previous continuing claims number was revised worse by 24k from 3,683K to 3,707K which means


http://www.zerohedge.com/news/initial-claims-print-better-expected-390k-last-week-again-revised-400k?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29




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