Unemployment Claims, Inflation Increase

[eagleseven]

U.S. jobless, price data fan concerns on economy

WASHINGTON (Reuters) - The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economy's recovery.

Initial claims for state jobless benefits increased 31,000 to 473,000, the Labor Department said on Thursday. Financial markets had expected them to fall slightly.

Another report from the department showed prices paid at the farm and factory gate rose a faster-than-expected 1.4 percent from December as higher gasoline prices and unusually cold temperatures helped boost energy costs.

"The jobs picture is still weak," said Jennifer Lee, a senior economist with BMO Capital Markets in Toronto. "It will be a while yet before we can get decent, sustained job growth. And until then, prices will also remain in check, although there are some pressures building in the pipeline."

Whoever still thinks these increases are unexpected was born yesterday.

 

[uscitizen]

Increases in energy costs accounted for most all of the inflation.
So I guess the GDP went up a bit?

 

[eagleseven]

Increases in energy costs accounted for most all of the inflation.
So I guess the GDP went up a bit?

Nominal GDP, but not PPP.

 

[mascale]

East Africa doesn't have a socialist credit market, so it's not. Other developed nations have socialist credit markets, so they are. The United States has the largest socialist credit market of them all--with mega-rich upper echelons, like old Soviets tried to be--so it too is recovering, at an increasing torrid pace: After all the others.

The moving average of weekly jobless claims dropped 1500 in the last week. The Philadelphia Mfg index rose. The LEI rose again. Continuing unemployment claims are stabilizing and in a downward direction.

The U. S. Ivy League is a lot smarter than everyone else. It seemingly wants to show solidarity with the East African homeland, of one or another of them: And take lots of time, in some nature of celebration of Black History month(?)!

The Ivy League created the climate for that kind of economy, at this time!

Even Wall Street, just somehow, is managing to shake off data expecations, reported out this month(?)!

"Crow, James Crow: Shaken, Not Stirred!"
(Uncle Sam Running Smacked: Back into Peyote again. Afghani Imports of Bush Admininstration legacy: Maybe slow, too!)

 

[ItHappens]

From the thread title I thought it was an ACORN "How to" thread.

 

[pinqy]

I'm waiting for Neubarth to come in claiming these numbers are LIES because the not-seasonally adjusted numbers actually went down and the corrupt Obama administration is lying by saying they went up.

Oh, but he only does that when the adjusted numbers say up and the unadjusted numbers say down. I wonder why that is? (that was my sarcasm voice for that last question)

But anyway...it is unexpected in that the trend had been downwards. Coupled with a PPI for finished goods increase of 1.4% we're definitely not out of the woods yet.

 

[mascale]

This is a transition month in claims adjustments. The actual and adjusted are about the same. Some will now say that the maladjusted claims are due out, on coming Thursdays!

"Crow, James Crow: Shaken, Not Stirred!"
(This month is slow, how so, it goes so quickly(?)! Conservatives, unless they don't, likely think of it as Draft Dodgers month, wherein the calendars just shoot two or three of the days off completely! It is an Obama Admninstration(?)--who has no concept of war--except maybe against Norway(?)! )