Dollars and Jens
Thursday, April 15, 2004
Latest Numbers
The number of Americans filing initial claims for jobless aid climbed a surprising 30,000 last week, the biggest jump in over a year, according to government data on Thursday that economists took with a grain of salt.
As my brother frequently points out, economists always take weekly claims numbers with a grain of salt.
First-time claims for state unemployment benefits climbed to 360,000 in the week ended April 10, their highest level since early February, from a revised 330,000 in the prior week, the Labor Department said.

Wall Street economists had expected claims to rise to only 335,000 from the more than three-year low reached in the previous week.

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