Unexpected Increase In Initial Jobless Claims Adds Fear To US Economic Slow Down

proactive investors ^

[traumer]

Increase In US stock-index futures is down this morning as the initial jobless claims rose from 482,000 to 484,000, according to figures released by the Labor Department this mourning. The figure was higher than the forecasted 465,000.

The claims figure was consistent with economic data released earlier this week which suggests more stimulus maybe needed for the global economy. The Federal Reserve said that economic recovery is slowing down and has been buying US debt to hold interest rates down. Bank of England also downgraded their inflation and growth forecasts. In China, retail sales growth eased and new loan volumes also declined.

September contracts on the S&P 500 index is down 4.5 points to trade at the 1080.5 level. Dow Jones, Nasdaq 100, and S&P/TSX 60 index are all trading down 34, 9.5, and 0.3 points, respectively.

After filing for Chapter 11 bankruptcy on June 1, 2009, General Motors announced today that it is looking to raise $12 billion to $16 billion in its initial public offering. The US government currently owns 61% of the company.

In Europe, Londons FTSE 100 index and Germany`s DAX index is down 0.16 and 0.5%, respectively, on afternoon trading.

In Canada, the S&P/TSX Composite closed down 2% yesterday.

[MNJohnnie]

And it is only going to get worse. I have a good job in MN but want to move to GA to be with my wife and kids.

I have been job hunting like crazy. Last 3 weeks I have been getting new response to my application. These new responses all say "We have decided not to fill this job at this time."

So hiring managers are headed back into the bunker. Look for the hiring numbers to drop even father and the firing numbers to go up.

This is going to get much worse before it gets better

[pnh102]

I knew the word “unexpected” would show up at some point. :)

[mazda77]

“Unexpected” Yea, by who? My pet rock?

[shove_it]

Yet another “UNEXPECTED” data point.

[PSYCHO-FREEP]

“Unexpected” means that it is still Bush’s fault.

[boomop1]

Unexpected, bunch of morons, it will only improve when O’bozo is gone and the sooner the better.

[Grampa Dave]

Thanks to Zakeet, Kartographer:

More bs from the lying mediots of the MSM in bed with Lord 0haha again they over use "unexpected"!

[LibLieSlayer]

DEPRESSION... anything else is just a lie.

LLS

[piytar]

Wonder if the idiots who write this stuff have any idea how ridiculous “unexpected” has become? Probably not; most of them live in a marxist fantasy world and cabalist/journolist echo chamber...

[LeonardFMason]

Please put New Orleans “looter guy” in line with others looking for handout.

[traumer]

[repentant_pundit]

Some of you Photoshop artists here on FR ought to create a new mascot; maybe an aging drunk lady stumbling around in a low-cut red dress...named "Rose Unexpectedly"

...she would appear on FR quite often during the next year or two...

.

[Grampa Dave]

Thanks!

I miss GW everyday, when I visit FR and see what Lord 0haha and his left wing thugs are doing to our country and to the good Americans in America.

[Leo Carpathian]

Unexpected???
We ain’t seen nothing yet!
Remember barbed wired “paradise” USSR?

[traumer]

Then you will like these recent ones....:

http://www.facebook.com/album.php?aid=253292&id=361997510504

[Grampa Dave]

Thanks.

The soldier shaking GW’s hand didn’t have to wash and disinfect his hand afterwards.

[King_Corey]

Let me make an announcement to the PRESS...

EXPECT THAT ALL OF THESE NUMBERS WILL BE NEGATIVE UNTIL OBAMA IS OUT OF OFFICE.

If they can’t figure that out, then they are fools and will never “expect” the numbers to continue to fall into the abyss that is Socialism and Communism.

[Snickering Hound]

[redangus]

I want to know how I get a job where I can be wrong every month, be surprised by my being wrong and still keep my job. Talk about sweet.