The DOL reported Initial weekly unemployment claims for the week ending on January 12th, 2013 were 335,000, a 37,000 drop from the previous week of 372,000. Last week's initial claims were originally reported to be 371,000, a 1,000 upward revision.
There are some absolutely ridiculous articles on the July jobs report. Some are proclaiming the economic slowdown is over, which is absurd on it's face. One cannot conclude that from one month of payrolls data which will probably be revised.
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