The four-week average was unchanged at 426,500 and the unemployment rate for those with unemployment insurance was unchanged at 2.9%.
The army of unemployed, measured by the continuing jobless claims with a 1-week lag, fell by 1,000 to 3.697 million.
We did see a note that six states were simply estimated due to a glitch. A glitch? In short, next week’s revision could be a bit more off than in prior weeks.
JON C. OGG
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
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