In the week ending October 5, the advance figure for seasonally adjusted initial claims was 374,000, an increase of 66,000 from the previous week’s unrevised figure of 308,000. The 4-week moving average was 325,000, an increase of 20,000 from the previous week’s unrevised average of 305,000.
Well golly gee, what happened?
That’s simple — we actually got numbers from the various states that have not been reporting.
So what does this tell us retrospectively about the so-called “good” numbers of late? It probably tells us that those numbers were bogus. Is that a surprise?
Let’s look at the big table.
How in the hell did that happen?
Note that this table is several weeks behind. Further, all of the numbers surrounding this date in the big table have been at the formerly-depressed level right near 300k.
I wonder — did someone slip here and let the cat out of the bag — that the last month or so worth of claims figures have been entirely made up?