In the week ending April 26, the advance figure for seasonally adjusted initial claims was 380,000, an increase of 35,000 from the previous week's revised figure of 345,000. The 4-week moving average was 363,750, a decrease of 6,500 from the previous week's revised average of 370,250.
This chart sucks... but... by my numbers the 4WMA is actually down this month vs last...
but the numbers are roughly the same... Guess that is not entirly unexpected... Maybe this sugjests the NFP will be -110K +/- the Error rate which is 80K.... +/- there are jobs being lost...
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Thursday, May 1, 2008
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