Thursday, April 15, 2010

Uh...

To the extent that such distortions are real, they're generally predictable, and since when do Sunday holidays have a major impact on such things...

Claims have unexpectedly risen two straight weeks, but a Labor official said the Easter holiday and a special holiday in California, the nation's largest state, disrupted collection of jobless data. The distortions should fade over the next few weeks, he said.

Economists surveyed by MarketWatch had forecast that claims would drop to 430,000. Claims have to fall to 400,000 or lower to indicate an accelerated hiring trend, economists say.


Maybe get some new economists who are aware of the obvious impacts of these 'distortions.'