[lbo-talk] "Good" Employment Report?

Doug Henwood dhenwood at panix.com
Thu Sep 18 10:38:49 PDT 2003


mike larkin wrote:


>"Meanwhile, jobless claims came in a little better
>than expected. The four-week average for first-time
>claims for state unemployment benefits rose for a
>fourth straight week, climbing by 2,000 to 410,750.
>It's the highest reading since mid-July."
>
>http://biz.yahoo.com/cbsm-top/030918/ef3310c1062cb950fd9bbf6ea3d3f2d9_1.html

The rise in the weekly numbers over the last month or so has been pretty sharp, so a little reversion to the mean was in order. No sign of a trend reversal yet, though.

Doug



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