I think this is specifically designed not to tell you a damn thing
Jobless Claims Up but Still Show Recovery
By JEANNINE AVERSA
The Associated Press
Thursday, December 2, 2004; 9:27 AMWASHINGTON -- The number of new people signing up for unemployment benefits rose sharply last week but the overall level of applications still points to a recovering job market.
The Labor Department reported Thursday that new filings for unemployment insurance increased by a seasonally adjusted 25,000 to 349,000 for the week ending Nov. 27, which included the Thanksgiving Day holiday. Some analysts were expecting a smaller rise -- of around 7,000.
Private economists and Labor Department analysts say claims around Thanksgiving and other holidays are typically more volatile -- meaning that they can bounce around a lot more from week to week in part because of seasonal adjustment difficulties.
The unadjusted figure for new claims last week showed a steep decline of more than 36,000.
In other economic news:
This report manages to contradict itself on every level possible.
And there's no other economic news quoted. I just wanted you to see there's no further explanation for this forthcoming.
