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Fixing the jobless claims numbers

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Fixing the jobless claims numbers

Edward Harrison
Sep 3, 2020
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Fixing the jobless claims numbers

pro.creditwritedowns.com

The fix

I am writing this just before the release of the US jobless claims data series. And for weeks now, I have been telling you that the unemployment claim series was distorted by a multiplicative seasonal factor. See here and here.

This week's data are different. That's because, last week, the US Department of Labor told us it was going to fix the pro…

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