Jobless claims unexpectedly jump 16,000 week ending March 23, 2013

.
3/28/13, "Initial Jobless Claims Miss By Most In Over 4 Months; Emergency Claims In V-Fib," Zero Hedge

"The extrapolators had expected an initial jobless claims print below 340k as the recent trend of noisy drift lower was expected to continue but alas it was not to be. The stretched rubber band of Arima-X revisions and adjustments had to correct sooner or later and sure enough, with a jump of 16,000 this week, initial claims missed expectations by the most since the second week of November (following Hurricane Sandy). The chaotic idiocy continues in Emergency Unemployment Compensation (which jumped 125k in the latest week) as the footprint of statistical manipulation is oh so evident in the V-Fib-like chart below.
Initial claims worst miss in almost 5 months...

Bloomberg charts via Zero Hedge

===========================

3/28/13, "Weekly jobless claims highest since February," MarketWatch, Mantell

"The U.S. Department of Labor reported Thursday that initial claims for regular state unemployment-insurance benefits rose 16,000 to 357,000 in the week ended March 23, reaching the highest level since mid-February. Rising claims signal more layoffs, and initial claims have increased for two consecutive weeks."...

 .