The numbers are out today for the weekly report on new claims for unemployment. Over the last few weeks, these unemployment figures were bogus. First the number fell dramatically; then it jumped in a major way. We later learned that the strange pattern was due to an "error" or an adjustment with the figures for one or more states. Today's numbers seem to be more likely to be correct. We are back in the range of 360,000 to 370,000 which has been the "normal" for many months. Put another way, this is just another confirmation that the economy has not picked up steam but continues to limp along with extremely slow growth.
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