The smoothing-out factor of the 4-week average rose by 4,000 to 419,500. The army of unemployed measured by the continuing jobless claims, which has a one-week lag, fell by 12,000 to 3.726 million.
The old bogey used to be that the economy did not want the weekly jobless claims to be much more than 300,000 but now the world is growing to expect 400,000 as the new normal. There is just very little to be excited about here.
We saw the incredibly poor economic trends from Census with rising poverty and the lowest median income in years and years, and now we have a list of the poorest states in America.
JON C. OGG
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