Update: The Rickster: Market Mover Thursday: Weekly Jobless Claims…continuing claims rise to 6.662 million…
Heeeere’s Rickster, telling it like it is:Vodpod videos no longer available.
Data is in, weekly slightly lower but the continuing claims are still climbing:
Rick Santelli had a great segment this morning on this BS rally built on absolutely nothing, will get it up asap…
The number of U.S. workers filing new claims for jobless aid fell 12,000 last week, Labor Department data showed on Thursday, while so-called continued claims rose to a fresh record as the recession battered employment.
Initial claims for state unemployment insurance benefits declined to a seasonally adjusted 631,000 in the week ended May 16 from a revised 643,000 the prior week, the Labor Department said…
..The number of people staying on the benefits roll after drawing an initial week of aid increased by 75,000 to a more-then-forecast 6.662 million in the week ended May 9, the most recent week for which data is available. Analysts estimated so-called continued claims would be 6.65 million..
Moderate in the Middle 