Weekly Jobless Claims Rise for Fourth Straight Week

Discussion in 'Politics' started by WillowTree, May 31, 2012.

  1. WillowTree
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    WillowTree Diamond Member

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    New U.S. claims for unemployment benefits rose last week for the fourth straight week, which could heighten concerns the labor market recovery is softening.
    At the same time, a second reading on U.S. gross domestic product showed the economy expanded at an annualized rate of 1.9% in the first quarter, in line with economists' estimates, but slower than an initial estimate of 2.2%.
    Initial claims for state unemployment benefits rose 10,000 to a seasonally adjusted 383,000, the Labor Department said on Thursday.
    The prior week's figure was revised up to 373,000 from the previously reported 370,000. Economists polled by Reuters had forecast claims unchanged last week.


    Read more: Weekly Jobless Claims Rise for Fourth Straight Week | Fox Business














    Not good news for democrats
     
  2. Artevelde
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    Artevelde Senior Member

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    Largely the result of uncertainty about the future of the global economy I feel. Plus, job market in US remains weak. That being said, the economic future for the Us looks brighter over the short term than in Europe.
     
  3. saveliberty
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    saveliberty Diamond Member

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    Consumer confidence falling does not suggest increased employment soon.
     
  4. blastoff
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    blastoff Undocumented Reg. User

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    What is this now Recovery Summer 2.0 or are we up to 3.0 already? Regardless, I have a strong feeling those shovel-ready jobs are gonna kick in any minute now.
     
  5. Claudette
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    Claudette Gold Member

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    I agree. We look better than Europe does but we're still only the best looking horse in the slaughter house.
     
  6. Mad Scientist
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    Mad Scientist Feels Good! Gold Supporting Member Supporting Member

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    This is the "New Normal".
     
  7. paulitician
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    paulitician Platinum Member Supporting Member

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    :eek: It is? Damn!
     
  8. Dr.House
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    Dr.House Lives on in syndication!

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    "Bush's fault." - Barry 0bama
     
  9. pinqy
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    pinqy Gold Member

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    Jobs report and UE rate come out tomorrow. I'm not predicting good news.
     
  10. Dr.House
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    Dr.House Lives on in syndication!

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    I'm sure they can remove enough people from the pool to bring the UE number down...
     

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