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	<title>Stock Blog Hub &#187; Saks Inc.</title>
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		<title>(SKS) Initial Jobless Claims Hovering</title>
		<link>http://www.stockbloghub.com/2009/09/03/sks-initial-jobless-claims-hovering/14326</link>
		<comments>http://www.stockbloghub.com/2009/09/03/sks-initial-jobless-claims-hovering/14326#comments</comments>
		<pubDate>Thu, 03 Sep 2009 21:03:55 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Department Stores]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[Abercrombie & Fitch Company]]></category>
		<category><![CDATA[ANF]]></category>
		<category><![CDATA[M]]></category>
		<category><![CDATA[Macy's]]></category>
		<category><![CDATA[Saks Inc.]]></category>
		<category><![CDATA[SKS]]></category>

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		<description><![CDATA[Last week (8/29), there were 570,000 initial claims for unemployment insurance &#8212; down from 574,000 the week before, but that 574,000 was revised up from 570,000, so it really is about flat with last week. The four-week moving average ticked up again, for the third week in a row now, but remains well below the peak set in mid-April. The current four-week average of 571,250 is 4000 above last week. The Chart below (from http://www.calculatedriskblog.com/) puts the recent uptick in perspective. You have to look very closely to see it. I remain convinced we have seen the highs for the cycle, but we are probably in for a long period of jagged sideways movement. That was the pattern in the last two recessions, where initial claims stayed elevated for about two years after ]]></description>
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