Thursday, June 04, 2009

Thursday Is New Jobless Day

Not to be confused with the monthly jobs report. This is a flow variable, gross new jobless claims, tomorrow's headline number is a stock variable, total number of jobs.

Still in holy crap territory.

Initial claims for state unemployment insurance benefits fell 4,000 to a seasonally adjusted 621,000 in the week ended May 30, the Labor Department said. The week covered the Memorial Day holiday, which could have had an impact on the data.