Maybe be so. I tried to make a pass at understanding the figures at
http://www.dol.gov/opa/media/press/eta/ui/current.htm and I realize once again what nonsense these numbers are. If new jobless claims are the measurement, the ‘seasonally adjusted’ rate is down 30K, but the non-seasonally adjusted rate is UP 25,990.
Liars figuring and all that.