Thursday, February 15, 2007

Jobless claims rise...because of bad weather?

The indisputable fact: last week, jobless claims rose by 44,000 to a seasonally-adjusted 357,000

A very disputed claim: why this happened.

A Labor Department official explained that "Much of that rise came from winter storms in the Midwest and Northeast that put more workers in unemployment lines."

That sort of makes inherent sense, given that some parts of the country have seen just ridiculous amounts of snow, and other parts have seen tornadoes and such. But...the number is already seasonally adjusted. And, even more importantly, another version of the same news story explicitly states that:

The largest increases in new claims last week were in Virginia, Michigan, and Kentucky, while claims were down in Missouri, South Carolina, and Pennsylvania...


Odd, but I don't really recall Virginia, Michigan, and Kentucky standing out as places that had horrendous weather in the last week or two. Do you?

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