Weekly US jobless claims drop 42K to 338K

LasVegasSun ^ | December 26 2013 | Paul Wisemen

[gooblah]

WASHINGTON — The number of Americans applying for unemployment benefits dropped by 42,000 last week to a seasonally adjusted 338,000, the biggest drop since November 2012. But economists say the figures from late November and December are warped by seasonal volatility around the Thanksgiving, Christmas and New Year's holidays.

[familyop]

$338,000 per week for four weeks would be nearly 1.4 million.

[OrangeHoof]

UPS drivers and mall Santas...

[SgtHooper]

It’ll be readjusted upward in a couple weeks—back page news in 6 font.

[citizen]

Last month the unemployment rate dropped to 7% in November from a 7.3% October rate. A .3% drop because of only about 200K new November jobs is impossible! I did hear a blurb that they “refigured” the birth/death model and applied it over some period of time and the resulting revised population numbers allowed for the big drop in the unemployment rate. What a crock! This reminds me of two or three years ago when they applied the new census data and dropped the unemployment .3% by removing a million people from the work force.

The MSM buys it all and trumpets it big time. Bernake does his QE, the Dow goes up and all is good. NOT

[MaxMax]

It makes sense when you figure in the Feds 86-Billion per month being pumped into the market.
The whole house of cards will com crashing when this is fixed. As intended for the GOP to do.