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