Jobless Claims Spike to 388K

Thursday, October 18th, 2012 and is filed under Economy, News

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Well, whatever comes around goes around with the BLS employment statistics.  Last week, they reported a record drop in jobless claims.  Yet most of the media failed to report that a major state had not submitted their data.  Now we see that that the missing state was probably responsible for the entirety of the 30k drop.  This week, jobless claims are back up to 388k, close to the levels we saw shortly after the recession ended.