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Initial Unemployment Claims Unexpectedly Dive, What Does That Mean?
Mish
What Does That Mean?
The answer depends on future revisions and trends which we do not know yet. 
Two weeks ago initial jobless claims dipped to a reported 793,000 for the weekending February 6. 
Last week, the BLS revised February 6 to 848,000 claims with the February 13 at 861,000.
Today the BLS says February 13 is 841,000 with the week ending February 20 down to 730,000.
It s anyone s guess what the BLS will say a week from now about today s big dip. More on that below but first let s discuss continued claims.
Continued State
Claims
We have seen slow progress in continued unemployment claims but much of this is masked by people expiring all of their state benefits and falling off the roles onto various federal programs. ....

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