Adjusted Again

Last week's initial unemployment claims were 387K. Um, no, they weren't.

In the week ending June 23, the advance figure for seasonally adjusted initial claims was 386,000, a decrease of 6,000 from the previous week's revised figure of 392,000. The 4-week moving average was 386,750, a decrease of 750 from the previous week's revised average of 387,500.

Emphasis mine. So once again, for the second week in a row, instead of this week's 386,000 being essentially flat from last week's 387,000, we have a "drop" from last reek's "revised 392,000" claims. At this rate we will have a "drop in claims" every week and wind up with everyone in the nation on unemployment.