3/29/12, "Q4 GDP Comes As Expected, Claims Miss Big Two Weeks In A Row," Zero Hedge, Tyler Durden
"Sure enough, last week's 348K beat of [first time jobless claims] 350K expectations has been revised wildly higher, to 364K, meaning the initial beat was not only a miss, it was wide by a mile relative to the 350K preliminary expectation. But robots do not care - all they care is the current print, which however this time also missed, printing at 359K on expectations of a 350K number. This is the first 4 week increase in the 4 week SMA since September as the weather impact of the record warm winter starts to fade away, as explained yesterday. Same
- gimmicks in the continuing claims number too which like
- everything out of the BLS
- the unemployment rate just dropped courtesy of
.
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