Dollars and Jens
Thursday, April 01, 2004
latest numbers
They tell me on the radio only that the number of initial claims of unemployment has fallen 3,000 from last week; I have to get to the web to find out that it's fallen to 342,000 from a figure for last week of 345,000, revised from 339,000. Insofar as the number has any meaning, it's not how it relates to last week — weekly movements will be swamped by noise — but how it relates to the average for last month, or the past couple months.

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