Here'a another economist with his view on the latest unemployment numbers released thius morning. It's a good example of the kind of emptiness these guys usually display.
“After the unexpected Easter-related drop in claims last week we expected a bigger rebound, taking claims back to their highs of around 670K. The failure to rise that high suggests either that the trend in claims is peaking or that the data are still affected by seasonal problems related to the holiday,” writes Ian Shepherdson, chief U.S. economist at High Frequency Economics."
Shorter Ian Sheperdson: I have no idea what these figures mean, but I'm sure they mean something!
http://blogs.wsj.com/marketbeat/2009/04/23/never-mind-the-economy-killer-apps/
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