Oh my: Weekly jobless claims rise to 439K

"Usually, people give too much weight to small changes in the weekly jobless claims rate.  Since the spring of 2011, we have seen a range of 360K-380K claims per week, with only occasional outliers, usually within 2-3% of the range.  The individual week number is somewhat less meaningful as an indicator than the range, and the trend.

Most of the above doesn’t apply to today’s report, however, as the adjusted number of jobless claims leaped upward by 78,000 to hit 439,000 — the highest level in almost two years"     [Hot Air]