I struggle sometimes to keep coming up with fresh ways to describe what I see happening to the US economy. I try to stay on top of economics news and try to make some semblance of the conflicting reports presented, the PR spin and more spin.
Today's (Thursday, April 21) Initial Unemployment Claims report for last week is out and once again, the economists have their rose colored glasses on:
NEW YORK (CNNMoney) -- First-time filings for unemployment claims declined in the most recent week, but were above the key 400,000 level for the second straight week, according to a government report issued Thursday.Please note that the 416K from last week was an upward revision from the initial report of 412K.
There were 403,000 initial jobless claims filed in the week ended April 16, the Labor Department said Thursday. That was down 13,000 from the previous week's revised 416,000.
