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View Diary: First-time jobless claims soar to 360,000 (54 comments)

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  •  I've never been fond of first-time claims as a (1+ / 0-)
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    Yo Bubba

    metric.

    OK at inflection points -- an early warning sign of bad times about to come crashing down, etc, but pretty wibbly-wobbly most of the time.

    And -- even this big spike is still below last year's number.

    The real story is not first time claims, but long-term unemployed.

    LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

    by dinotrac on Thu May 16, 2013 at 07:58:06 PM PDT

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