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View Diary: First-time claims for unemployment benefits rises steeply after steeply dropping last week. (23 comments)

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  •  Steven Benen at the Maddow Blog nails it (5+ / 0-)
    To reiterate the point I make every Thursday morning, it's worth remembering that week-to-week results can vary widely, and it's best not to read too much significance into any one report.

    In terms of metrics, when jobless claims fall below the 400,000 threshold, it's considered evidence of an improving jobs landscape, and when the number drops below 370,000, it suggests jobs are being created rather quickly. We've been below the 370,000 threshold seven of the last eight weeks.

    http://maddowblog.msnbc.com/...

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