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  • Initial Claims Miss For Second Week In A Row As Nonfarm Productivity Tumbles Most Since 2008

    02/07/2013 6:00:27 AM PST · by Perdogg · 15 replies
    Zero Hedge ^ | 02.07.13 | Submitted by Tyler Durden
    As is the case every Thursday, the BLS reported its weekly initial claims which unlike two weeks ago did not estimate the initial unemployment claims for America's most populous state when the number plunged, and has now missed expectations for two weeks in a row, printing at 366K, on expectations of a 360K number, while last week's 368K was as usual revised upward to 371K. As a result, the Mainspin Media already has its headline: Initial Claims decline by 5,000. Such is life under the US Department of Truth, even as unadjusted initial claims spiked by 16.7K to 386K in...