As usual it’s all in the wording. “Claims” fell only tells you exactly what it says. The claims fell. Doesn’t mean squat except that folks ran out of their “right” to 99 weeks of unemployment bennies. Maybe for ‘14 chuck the schmuck can get that “right” bumped up to 126 weeks. Of course next Tuesday they’ll be revised with no fanfare “unexpectedly”.
The four week moving average is up a little bit...
FIRST TIME claims...
These are the newly unemployed.
Doesn’t work that way. Initial claims is just that . . . if you want to consider whose benefits ran out, you need to look at continuing claims.