Bye-Bye Bush Boom

From Holden:

New jobless claims surged last week and I’m sure the number of claims will only increase as refugees flee New Orleans.

In the week ending Aug. 27, the advance figure for seasonally adjusted initial claims was 320,000, an increase of 3,000 from the previous week’s revised figure of 317,000. The 4-week moving average was 316,750, an increase of 1,250 from the previous week’s revised average of 315,500.