Remember that headline that showed jobless claims down for the last week -- they are "seasonally adjusted".
Claims fell from 586k the week before to 492k - a real drop.
But - but - but --- the raw numbers (Not Seasonally Adjusted - NSA)are rather different: initial claims are 507k, 629k, 716k, and for this week, 718k….
That's an increase of 211,000 in 4 weeks.
Oh well!
Personal Income increased 0.3% in February; Spending increased 0.8%
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From the BEA: Personal Income and Outlays for February:
*Personal income increased $66.5 billion (0.3 percent at a monthly rate) in
February*, according t...
1 hour ago
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