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Unemployment Claims Rise ‘Unexpectedly’

From Reuters:

Jobless claims rise last week

June 14, 2012

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, government data on Thursday showed, suggesting persistent weakness in the labor market after stumbling badly in recent months.

Initial claims for state unemployment benefits increased 6,000 to a seasonally adjusted 386,000, the Labor Department said. The prior week’s figure was revised up to 380,000 from the previously reported 377,000.

Economists polled by Reuters had forecast claims dipping to 375,000 last week.

They are always wrong. But, after all, it’s their job to talk up the economy to help Obama’s re-election.

The four-week moving average for new claims, considered a better measure of labor market trends, climbed 3,500 to 382,000.

Which is the highest it has been in six weeks. But, apparently, that isn’t newsworthy.

Claims remain trapped in the tight band established since April and the lack of progress could indicate some fundamental weakness in the labor market

But as laughable as this week’s Reuters report is, the lead from the Associated Press version is even more laughable:

US unemployment aid applications rise to 386K


WASHINGTON (AP) — More Americans sought unemployment aid last week, suggesting hiring remains sluggish

We would say that it suggests that hiring is far worse than “sluggish.” But, then again, we are not an employee of the Democrat Media Complex.

This article was posted by Steve on Thursday, June 14th, 2012. Comments are currently closed.

4 Responses to “Unemployment Claims Rise ‘Unexpectedly’”

  1. GetBackJack says:


    All Rights and Privileges to the use of the term Unexpected are held by the Citizens To Protect Obama media Center and are neither assignable nor severable. Private use is strictly prohibited. See webmaster for details. Not legal tender in French Guyana.

  2. Rusty Shackleford says:

    *whew*…So glad unexpectedly is back.

    For a minute there I thought we were in trouble.

  3. AcornsRNutz says:

    They literally have a boilerplate for this story now. It’s pathetic. Even the inconsequential words are unchanged week to week. It’s simply plug in the latest number. I wish I was a “journalist”, it looks pretty easy.

  4. yadayada says:

    bwahahahahah !!!!

    oh Steve, just looking at your “related articles” list made my day !

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