A 12k rise in initial jobless claims (on a seasonally-adjusted basis) missed expectations by the most in 8 weeks and rose to its highest in 7 weeks at 290k. Non-Seasonally-adjusted, claims rose a more interesting 43k but bigger picture shows the average of this noisy time series hovers near 40 year lows as low-paying jobs replace high-paying jobs… but remember a jobs a job in the eyes of the government propagandists.
Miss and rise.. but nothing too scary yet…
as the longer-term trend remains near 40-year lows…
Charts: Bloomberg
via Zero Hedge http://ift.tt/1ufSAco Tyler Durden