Reports are that the initial jobless claims are unchanged from last week – holding steady at 370,000. Of course – reading the Reuters story deeper instead of just the headline, and we see that the steady repeat of BS that Zero Hedge caught on to continues:
“The prior week’s figure was revised up to 370,000 from the previously reported 367,000.”
Last week’s figures were revised up so that this week’s report is holding steady. Which means that when next week’s initial figures come out, this weeks figures will be revised up, and only then will accurate report of the increase in jobless claims be repeated – of course with a headline with a fresh lie.