January 31, 2013

HOW’S THAT HOPEY-CHANGEY STUFF WORKIN’ OUT FOR YA? (CONT’D): Jobless Claims Rise Sharply. “Jobless claims surged this week, missing expectations by the most since Sandy as seasonal affectations are in the rear-view mirror. For 13 months, we have meandered around a flat-line initial claims number in the 365k range – and we remain there.”

UPDATE: Reader Tom Deakins writes: “You forgot to mention that this latest surge was unexpected.” Well, that goes without saying, by now.