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Ignore the drop in claims

By   || December 31, 2008 at 09:10 GMT
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A big 92,000 drop in jobless claims is nice, but won’t last as the Christmas holiday kept some from filing. Next week’s data could be screwy as well with New Year’s Day shutting down the unemployment office.

Let’s hope the economists got a calendar in their stocking this year so they don’t screw up their claims forecasts every time there is a holiday, like they have in the past.

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