It looks like the economy is not doing as well as many pundits are saying - at least if you need or want a job.
Weekly claims are unexpectedly up again, with the 4-week moving average holding near or above 450,000 for months.
Once again the number of claims exceeded the estimate of every economist in the survey, this time by a minimum of 23,000 claims. The last two times economists blamed snow and Easter (as if they did not know there was snow or Easter) when they made their projections.
This week there is no Easter or weather to blame. I guess it's just one of those things (like economists being perpetually optimistic).