And the Upward Revisions Continue –

In the jobless numbers:

“Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 370,000, the Labor Department said. The prior week’s figure was revised up to 372,000 from the previously reported 370,000.”

[Reuters story @ Yahoo.com.]

As many others have pointed out [Zerohedge, for example] each week they adjust the previous week’s numbers up enough to make the reduce the impact of the current week’s numbers.  

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