No Runny Eggs

The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.

Initial unemployment claims continue to disappoint

by @ 8:08 on June 9, 2011. Filed under Economy Held Hostage.

Reviewing the initial unemployment claims, this time at 427,000 for last week, is becoming something of a checklist:

  • Higher than expected – Check (Bloomberg’s economists predicted 419,000, Reuters’ economists predicted 415,000)
  • Unexpectedly higher than expected – Check (both Reuters and Bloomberg put it in the headline and the lede)
  • Prior week’s number revised upward – Check (Tom Blumer notes the prior week’s increase from 422,000 to 426,000 is the 14th week in a row this has happened)

Can you say, “Double-Dip DEMpression”?

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