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To: magellan

(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.


13 posted on 08/18/2011 5:46:36 AM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Oldeconomybuyer

“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.


15 posted on 08/18/2011 5:49:58 AM PDT by TexasFreeper2009 (Obama = Epic Fail)
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To: Oldeconomybuyer

the lame stream media talked for DAYS- how job
numbers were great -LITTERALLY days of non stop
hype over the 395,000 figure-


21 posted on 08/18/2011 5:54:09 AM PDT by mj1234
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To: Oldeconomybuyer
It was reported on Fox radio that it was upped to 405,000... guess that was the number that was NOT supposed to be released.

LLS

43 posted on 08/18/2011 6:17:22 AM PDT by LibLieSlayer (Certified Al Palin Hobbit Terrorist)
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To: Oldeconomybuyer

“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.”

Increased unemployment claims = hiring was steady?


62 posted on 08/18/2011 6:47:27 AM PDT by Justa
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