Dollars and Jens
Thursday, February 19, 2004
latest numbers
Initial claims of 344,000, which the national radio news guy mentioned at the top of the hour is a drop of 24,000 from last week, the biggest since November (when three straight readings at or above 390,000 were followed by a 353,000); this time, though, the previous two readings were rather higher than those preceding it, and it's probable that last week's reading was noise above and this is noise below. It's still parked at 350,000 a week, as since the beginning of the year, until we hear sustained news indicating otherwise.

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