Jobless claims rise more than expected

FoxBusiness.com ^ | 2/21/2013 | Reuters

[mykroar]

The number of Americans filing new claims for unemployment benefits rose more than expected last week, but still remained at levels consistent with a steady improvement in labor market conditions.

Initial claims for state unemployment benefits increased 20,000 to a seasonally adjusted 362,000, the Labor Department said on Thursday. The prior week's claims figure was revised to show 1,000 more applications received than previously reported.

Economists polled by Reuters had expected first-time applications to rise to 355,000. The increase in claims last week pushed them toward the upper end of their range for this year.

[mykroar]

rose more than expected

Sounds unexpected to me....and then, of course, the very expected :

The prior week's claims figure was revised to show 1,000 more applications received than previously reported.

[P.O.E.]

Surprise!

[Secret Agent Man]

now fox joins the msm reporting style.

[LibertarianLiz]

Initial claims for state unemployment benefits increased 20,000 to a seasonally adjusted 362,000,

Okay, I know the numbers are cooked; but, this is one thing that has really bugged me. What "season" are we adjusting for?

This administration is constantly "seasonally adjusting" every single week. Are we in a constant state of seasonal buying? Do we have to "seasonally adjust" every week? Why?

[TwelveOfTwenty]

Good point.

[lowbridge]

“more than expected”

Close enough.