Since 23 September 2012, the weekly data for seasonally-adjusted new jobless claims has been especially volatile.
The data reported last week, which applies for the week ending 12 January 2013, would appear to be more of the same. At least, that's what you might first think when you see where the data falls with respect to our statistical equilibrium chart of the trends in new jobless claims.
It looks just like an outlier, right? And truth be told, it definitely is. However, this outlier is not like the others, where we were able to easily identify the cause of the discrepancy with respect to the trend.
"Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law' because law is often but the tyrant's will, and always so when it violates the rights of the individual." Thomas Jefferson