[theshadow3581]

4th of July....unenployment offices closed.....add at least 10%....385,000 if full week

[usconservative]

I'd say more like 15-20% but your point is well taken. The drop is due to unemployment offices being closed for the 4th of July.

I expect the numbers to jump back up above 400,000 next week. If not 400,000 it'll easly be 395,000 and some change.

By the way, my employer laid off 750 people in February of this year, the rumor mill at our place is already saying another round coming in mid-Sept to early October. Looking like another 500 or so will be leaving the company. (Don't want to say who I work for...)

[nhwingut]

4th of July....unenployment offices closed.....add at least 10%....385,000 if full week

Zero Hedge, who is a master at deciphering Labor's BS, claimed it should be 380,000 based on holiday adjustments. So you are right on.