Posted on 09/15/2011 5:46:07 AM PDT by sunmars
The number of Americans filing new claims for jobless benefits rose unexpectedly last week in a sign concerns about a weak economy were sapping an already beleaguered labor market, data showed on Thursday.
Applications for unemployment benefits climbed to 428,000 in the week ending September10 from an upwardly revised 417,000 the prior week, the Labor Department said.
It was the second straight week in which claims rose. Wall Street analysts had been looking for a dip to 410,000.
Excluding one week in early August, claims have held above 400,000 since early April. A Labor Department official said there was no discernible effect from Hurricane Irene or other storms in the national reading.
The four-week moving average of claims, which smooths out volatility, rose to 419,500 from 415,500 the prior week.
Continuing claims eased to 3.726 million in the week ending September 3 from 3.738 million the previous week. The number of total recipients on benefit rolls was 7.144 million.
U.S. employment growth ground to a halt in August, with zero net job creation raising fears of a new recession and putting pressure on the Federal Reserve to ease monetary policy further at its meeting later this month.
(Excerpt) Read more at reuters.com ...
This after last weeks was revised upwards. No surprise for me.
No one saw this coming.
Drink!!
When something happens every week for two years... when does it stop being “unexpected” ?
oh, and by the way...
DRINK!
Pass this bill “Right Away”!!
It’s always a surprise with these people. They need a reality check. This economy is in dire straits. The only thing that will save it is the 2012 ouster of obama and his team. But that may be too late.
The admin will blame Irene.
And, it was a short work week, due to Labor Day.
Who/what are they going to blame?
Irene?
Sun spots?
Methane storm on moon Titan?
Dark Chocolate?
LOL... It is the first time I see this picture... It is hilarious... :-)
“A Labor Department official said there was no discernible effect from Hurricane Irene or other storms in the national reading.”
This person has already been turned in to AttackWatch.com.
Nov 2012
Baraq Hussein Obama “unexpectedly” loses election, LOL
Surprise, Suprise, Suprise
Even with 99 weeks some claims run out.
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