November 09, 2012 at 11:59 AM EST
Another Jobless Claims Report, Another Reason To Wonder
Did Hurricane Sandy distort last week’s jobless claims data? Possibly. One argument is that the storm kept people away from the unemployment offices and so last week’s decline in new filings for unemployment benefits dispensed an artificially low number. “Extreme weather can hold down filings initially, with people initially preoccupied,” says Jim O’Sullivan, chief U.S. [...]
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