New Unemployment Claims

New claims for jobless benefits fell by 40,000 last week. BUT WAIT, from the story,

“While the decline offers a promising sign, Labor Department analyst Thomas Stengle cautioned against reading too much into the drop, saying it may partly reflect difficulties adjusting for seasonal factors. The unadjusted claims figures, for instance, showed an equally sharp rise.”

Got that? UNadjusted claims figures INCREASED by the same amount. (And the economy LAST 43,000 jobs last month.)

So don’t get your hopes up too high yet.