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Thursday, August 4, 2011

It's Jobless Thursday

It's better, but still sucks, 400,000 initial claims, down by 1000, and the 4 week moving average fell slightly to, with continuing claims rising slightly, though emergency claims fell.

So basically, no one who does not have a job is finding a job, and things are not getting better.

In fact, at 400K it's likely getting a little bit worse.

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