Jobless claims rise more than 'expected'

Discussion in 'Economy' started by Trajan, Jun 23, 2011.

  1. Trajan
    Offline

    Trajan conscientia mille testes

    Joined:
    Jun 17, 2010
    Messages:
    29,048
    Thanks Received:
    4,751
    Trophy Points:
    48
    Location:
    The Bay Area Soviet
    Ratings:
    +4,756
    unreal, you would think at this point they would no longer be surprised or this would not be so 'unexpected'.

    unlike the bush years where in every expectation was trumpeted loudly and in the toilet and good news was huge surprise, there lies the trial to the abyss of objectivity......

    now for what really counts...will any jobs be created this month?



    Jobless claims rise more than expected


    WASHINGTON (Reuters) – New claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, suggesting little improvement in the labor market this month after employment stumbled in May.

    Initial claims for state unemployment benefits climbed 9,000 to a seasonally adjusted 429,000, the Labor Department said. The prior week's figure was revised up to 420,000.

    Economists polled by Reuters had forecast claims to edge up to 415,000 from a previously reported count of 414,000.

    The claims report covers the survey period for the government's closely watched data on nonfarm payrolls for June.

    Claims increased 15,000 between the May and June survey periods, implying little or no gains in nonfarm payrolls this month after a modest 54,000 increase in May.

    The data is the latest in a series to underscore the weakness in the economy, which has persisted through the second quarter.

    The Federal Reserve on Wednesday acknowledged the slowdown, but generally perceived it as temporary. Although it cut its growth forecasts and downgraded its view of the labor market, it gave no indication of further monetary support.

    The U.S. central bank confirmed it was winding up its $600 billion bond-buying program at the end of June.

    Jobless claims rise more than expected - Yahoo! News


    Oh and when does a "stumble" become fallen down and I can not get up, or handicapped? 2 months? 5? 8? :lol:
     
    Last edited: Jun 23, 2011
  2. Baruch Menachem
    Offline

    Baruch Menachem '

    Joined:
    Sep 12, 2008
    Messages:
    14,204
    Thanks Received:
    3,235
    Trophy Points:
    185
    Ratings:
    +3,305
    This has become so routine that i don't doubt that the newsrooms of america have the phrase "Unemployment figures were unexpectedly weak" as a macro.

    You live this world of being part of the unemployment numbers, it is no longer quite so funny
     
  3. Avorysuds
    Offline

    Avorysuds Gold Member

    Joined:
    Jul 4, 2010
    Messages:
    13,834
    Thanks Received:
    1,655
    Trophy Points:
    245
    Location:
    Eugene Oregon
    Ratings:
    +2,141
    Where is TM's thread about things getting better "soon?"

    I also like how they say "suggesting little improvement in the labor market this month after employment stumbled in May." as if going backwards is an improvement, even if it's a "little improvement."

    This just in! Obama gleefully announces UE ticks down to 8.9% while more people in the country as a whole have no job! Magic I tell you, F-ing magic!

    (Disclaimer, the last part was a future prediction, not reality as of yet.)
     
  4. Truthseeker420
    Offline

    Truthseeker420 Gold Member

    Joined:
    Mar 30, 2011
    Messages:
    10,365
    Thanks Received:
    980
    Trophy Points:
    138
    Location:
    Home of the 2013 BCS National Champion
    Ratings:
    +1,026
    Not as long as Republicans are in conrol of Congress and they keep talking about shutting down the Government.
     
  5. Avorysuds
    Offline

    Avorysuds Gold Member

    Joined:
    Jul 4, 2010
    Messages:
    13,834
    Thanks Received:
    1,655
    Trophy Points:
    245
    Location:
    Eugene Oregon
    Ratings:
    +2,141
    LOL, you nailed it, It's not the Dems that hold The Senate or the Dems with Obama as president... No no, it's the Reps who hold the house after 2 years of Dems Owning everything and 4 years of Dems owning the house and Senate!

    See Bush was really good, it was all the Dems fault because they held the Senate AND that super important House!

    See, both parties worked together to make this mess... Not just Reps and not just dems or Obama. Get over it, Obama and the Dems are just as evil as the Reps, they just depend on peoples stupidity, like yours, to keep on believing it's all the other parties fault. Hey, at least you’re dependable!
     
  6. expat_panama
    Offline

    expat_panama Silver Member

    Joined:
    Apr 12, 2011
    Messages:
    2,461
    Thanks Received:
    252
    Trophy Points:
    98
    Ratings:
    +253
    Reality Check.

    The Democrats were put in charge of congress back in Nov. '06 when unemployment was 4.5%. In Nov. '10 it was 9.8% and the Republicans were voted in, now it's 9.1%
     

Share This Page