- Last week’s reading was 339K (revised to 342K)
Separately, Canadian Aug wholesale trade +0.5% vs +0.1% exp.
Bloomberg:
The typical pattern of large increases in unadjusted claims at the start of the quarter seems to have shifted by a week in one state, causing the adjusted data to become volatile, a Labor Department spokesman said as the figures were released to the press.
Reuters cites ‘administrative issues’. I would call it a massive failure of bureaucracy, which is typical. The market seems to be taking it in stride although USD/CAD hit some buy stops on the way to 0.9800.
