U.S. Initial Jobless Claims Increased to 558,000 Last Week

Very importantly WHY do we keep listening to these economists? They don't seem to get any forecasts right yet they continue to be quoted and believed. - MBC

http://www.bloomberg.com/apps/news?pid=20601087&sid=a1Bhl_i8WRnA

"...number of Americans filing first-time claims for jobless benefits unexpectedly rose last week, while the number of people on unemployment rolls dropped to the lowest since April, signaling the labor market may be stabilizing as the recession eases..."

"...Economists forecast claims would drop to 545,000 from a previously estimated 550,000, according to the median of 42 projections in a Bloomberg News survey..."