Zero Hedge
0
All posts from Zero Hedge
Zero Hedge in Zero Hedge,

Someone's Still Lying

The raw initial claims data rose 1k from 259 to 260k (beating expectations of 265k).

 

But the less-noisy 4-week average of initial jobless claims has slid further this week - to 263.25, its lowest since Dec 1973 - as the divergence between "useless at this point in the business cycle" claims and 'real' job cuts has never been wider.

 

 

Charts: Bloomberg