Friday, October 29, 2004

Jobless claims on the rise

I was reading this CNN article, and the headline said, "Jobless claims jump by 20,000." I was then reading through the article, and read this:

"Despite the increase in new claims, the four-week moving average fell for the second straight week, slipping to 343,250 from 348,750 in the prior period and its lowest since mid-September. Economists view the moving average as a more accurate measure of employment trends because it smoothes out weekly volatility."

I just roll my eyes when I see stuff like this.


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