Yet Another 4-Year Low in Weekly Unemployment Claims, as This Week's Number Comes in Above Last Week's

Okay folks, this is getting really stupid at this point. The headline of the AP article in the Washington Post on the latest unemployment claims number tells readers:

"weekly US unemployment claims fall to 357,000, a 4-year low, as job market strengthens."

Before anyone gets too excited, they should be reminded that claims for two weeks ago had originally been reported as 348,000, and last week's originally reported number had been only slightly higher at 359,000. The upward revision of the w...