Thursday, February 10, 2011

Jobless Claims Hit Two-and-a-Half Year Lows

Bernanke's money printing machine is apparently doing its manipulated trick (though there is possible weather related noise in the numbers)

The weekly jobless claims fell under the 400,000 mark. The drop was 36,000 down to 383,000. To show just what a relief it is, this was the lowest reading since summer of 2008.

Keynesian economists were, as per usual, confused and surprised by the improving economic picture. The Keynesians, who just weeks ago were calling for more "stimulus", had a consensus figure expecting 411,000 claims, according to Dow Jones.

1 comment:

  1. Please create a non-profit. Hire a team to create an app. The app keeps track of cell phone "Work". Use the app to keep track of solicitation of funding for the non-profit. Of course the phone users are paid per hour or per-centages. Robin hood the $$$$ from the $$$$$$$$$$$ to the jobless.