It's The Economy Stupid: Jobs

Jobs.  Why doesn’t Washington get this?  Anything that promotes and aids job creation is good.  Anything that deters or hinders job creation is bad.  Want the economy to do better?  Concentrate on job creation.  

 

I may be a little simple minded, but it sure seems to me that, as compared to unemployed people, employed people probably have the capacity to spend more money.

 

Economic Event	Period	Economic Survey	Actual Reported	Original Prior	Revised Prior
Initial Jobless Claims	SEP 15	375K	382K	382K	385K
Continuing Jobless Claims	SEP 8	3300K	3272K	3286K	3304K

 

Okay, so, more Americans than forecast filed Jobless Claims last week.

 

After the Labor Department revised last week’s numbers, it turns out that Initial Jobless Claims decreased by 3,000 in the week ended Sept.

15 to 382,000. The median forecast of 49 economists surveyed by Bloomberg projected 375,000.

 

The four-week moving average, a less volatile measure than the weekly figures, climbed to 377,750 last week from 375,750.