Thursday, October 18, 2012

These numbers don't mean that much! But here's a breaking news email about them!

A "Breaking News" email from CNN this morning:
The number of people filing for initial jobless claims surged 46,000 to 388,000 last week, the U.S. government says.

The previous week the number of initial claims had fallen to a four-year low.

The large swings illustrate just how volatile the data are from week to week, which is why economists often prefer to look at a four-week moving average.

That indicator increased to 365,500 last week and has been hovering in the 360,000 to 380,000 range since July.


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