Posted on 08/18/2011 5:37:03 AM PDT by magellan
Edited on 08/18/2011 7:01:46 AM PDT by Admin Moderator. [history]
New U.S. claims for unemployment benefits rose more than expected last week, according to a government report on Thursday that suggested hiring in August was steady but not robust.
Initial claims for state unemployment benefits increased 9,000 to a seasonally adjusted 408,000, the Labor Department said.
Economists polled by Reuters had forecast claims rising to 400,000. The prior week's figure was revised up to 399,000 from the previously reported 395,000.
The claims data covers the survey week for August nonfarm payrolls. Claims dropped by 14,000 between the July and August survey periods, but there are fears that financial markets turbulence could have slowed hiring this month.
Employers added 117,000 jobs in July, a significant improvement from the prior two months' combined 99,000 gain.
Fears of a second recession...
Excerpt, Continue Here
[Fox News has reported July jobless claims at 408,000. Economists were expecting 400,000.]
To be revised up to 410 next week.
They can pour as much perfume on this skunk as they want to, but...
Greater than expected.
Well, the weather was bad.
In before the unexpected!
UNEXPECTED.
LOL.
Has CNBC put up it’s sugar coated Obama Kool Aid drinkin’ headline yet?
and the dog at his homework!
lol
Obama = Epic Fail
and the dog ate his homework!
lol
Obama = Epic Fail
Sounds like the current 5-year Soviet plan isn’t working out.
(Reuters) - New U.S. claims for unemployment benefits rose more than expected last week, according to a government report on Thursday that suggested hiring in August was steady but not robust.
Initial claims for state unemployment benefits increased 9,000 to a seasonally adjusted 408,000, the Labor Department said.
Economists polled by Reuters had forecast claims rising to 400,000. The prior week’s figure was revised up to 399,000 from the previously reported 395,000.
“The prior week’s figure was revised up to 399,000 from the previously reported 395,000”
there’s the money quote!
While Obama is president always EXPECT last weeks numbers to be revised UP.
Wow. This really came in out of the blue. Totally unexpected.
Economy Still in the toilet sooooo,
Obammy takes his antiAmerican shelf ass wookie bride and his spoiled rotten brats to party with the beautiful people on Martha’s Vinyard.
Great job ya dumb ass.
And don’t forget the tsunami.
Unexpected. Again.
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