Considering Today’s “Unexpected” News

New U.S. claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, suggesting little improvement in the labor market this month after employment stumbled in May.

Initial claims for state unemployment benefits climbed 9,000 to a seasonally adjusted 429,000, the Labor Department said. The prior week’s figure was revised up to 420,000.

…I think we could probably guess what he’d say, if we were that interested.

…“If they really told us what they are talking about after three glasses of wine late at night, the markets would wet their pants and it would be all over,” Mauldin said.

“There’s some things we don’t want to know.”

Or thought he had a clue.

Must be a hoot when he and the Comedian-in-Chief get together. Throw Timmah! in and we’ve got ourselves a laugh freakin’ riot, with the joke on us.

One Response to “Considering Today’s “Unexpected” News”

  1. Yojimbo says:

    The back figures were revised upward again,still. You would think, just on a statistical basis, that sometime, somewhere, somehow a back number would be better than they originally stated. Makes you kinda think that they are sandbagging the numbers as much as possible.

    /jaded in Tucson

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