Courtesy of Lee Adler of the Wall Street Examiner
Unemployment Claims Data and Economists' Exploding Brain Syndrome
With the mainstream media reporting the seasonally adjusted first time unemployment claims down by 6,000, it's time for a reminder that this number is fake, and may or may not give an accurate representation of the trend. If it does, it's purely a coincidence.
Economists and financial journos are in love with the seasonally manipulated number because it gives them a smooth
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