Our friends at al-Reuters lead the story with this headline:
But look at what the story actually says (if you dare to dive beneath the headline):
The number of U.S. workers making new claims for unemployment benefits rose by a smaller-than-expected 4,000 last week…
The four-week moving average of initial claims, which smoothes weekly volatility to yield a more reliable indication of underlying trends in the labor market, declined by 7,750 to 276,500, its lowest level since April 2000.
The claims data followed upbeat news from the job market in January, when the U.S. unemployment rate fell to 4.7 percent, its lowest level in 4-1/2 years, as employers hired 193,000 workers in the month.Analysts say this has mopped up much of the remaining slack in the U.S. labor market and with the economy near full employment — a theoretical level indicating the lowest level of unemployment that can be sustained without triggering wage inflation — the Federal Reserve will keep raising interest rates.
Jonathan has “More Statistical Proof of MSM Bias“