This week the initial claims soared right back to 386K
on expectations of... 365K ..."
For once the mainstream media cannot tell a lie:
USA Today: Unemployment claims "jump"
CNN Money: Unemployment claims "up sharply"
AFP: New claims ... "surged sharply higher last week"
And then there's al-Reuters: "Jobless claims signal tepid labor market"
The number of Americans filing new claims for unemployment benefits rebounded last week, returning to levels consistent with only modest job growth after a seasonal quirk caused a sharp drop the prior period....
.... "The snapback in the pace of claims should not be particularly surprising as last week's favorable seasonal unwinds," said Millan Mulraine, senior macro strategist at TD Securities in New York.
"However, we believe that the current level of initial jobless filings overestimates the true pace of jobless claims, and should see claims fall back to around 370,000 in the coming weeks."