Thursday, May 13, 2010

Funny Math with Unemployment

Weekly initial jobless claims came out this morning.  According to the title of Foxnews article: on May 13th:

Weekly Jobless Claims Drop 4,000 to 444,000

Interestingly enough, I found another Foxnews article issued on May 6th detailing last week's initial jobless claims with this title:

New Weekly Jobless Claims drop 7,000 to 444,000

This is not a misprint.  Foxnews has the numbers right as reported by the government.
Given this math, I want to make a bold prediction.  Jobless claims will continue to drop throughout the year, and could reach as low as 444,000 by Christmas.

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