New Jobless Claims Surge

From Holden:

The blame game is going to pin this on Katrina, too bad we don’t have these numbers broken down by state.

In the week ending Sept. 10, the advance figure for seasonally adjusted initial claims was 398,000, an increase of 71,000 from the previous week’s revised figure of 327,000. The 4-week moving average was 340,750, an increase of 19,750 from the previous week’s revised average of 321,000.