Posted on 06/05/2014 6:38:07 AM PDT by SeekAndFind
The number of people who filed for unemployment assistance in the U.S. last week rose more than expected, underlining concerns over the strength of the labor market, official data showed on Thursday.
In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending May 31 increased by 8,000 to a seasonally adjusted 312,000 from the previous week’s revised total of 304,000.
Analysts had expected jobless claims to rise by 6,000 to 310,000 last week.
Continuing jobless claims in the week ended May 24 fell to 2.603 million from 2.623 million in the preceding week. Analysts had expected continuing claims to rise to 2.625 million.
The four-week moving average was 310,250, a decrease of 2,250 from the previous week’s total of 312,500. The monthly average is seen as a more accurate gauge of labor trends because it reduces volatility in the week-to-week data.
(Excerpt) Read more at investing.com ...
That’s unexpected.
Other similar headlines.
MSNBC:
Jobless claims inch higher, though average remains low
http://www.msnbc.com/rachel-maddow-show/jobless-claims-inch-higher-though
Wall Street Journal:
US Jobless Claims Up, But Still Near 7-Year Low
http://online.wsj.com/articles/u-s-jobless-claims-rise-to-312-000-in-week-ended-may-31-1401971521
Bloomberg:
Fewest Americans Filed Jobless Claims Over Past Month Since 2007
Probably due to all the cold weather.
Bring back jobs to America.
People, we need jobs. We need to stop buying everything imported, and bring jobs right back to America.
Jobs.
LOL, too few were working to file for unemployment.
Seems like we are getting these numbers only about once a month.
So only 8,000 more people filed for unemployment adding to the total of 312,000 people in America who are unemployed. That’s an unemployment rate of .09%! This is great news!
When jobless claims rise, the MSM lapdogs downplay it as a statistical fluctuation and quickly move on to something else. A similar sized drop however would be loudly trumpeted as heralding good times and ongoing recovery. ;-/
Doesn't seem to have any correlation to "analyst expectations". Who are these incognito "analysts" anyways?
More Funemployment.
And that’s not counting the Trayvon’s who’re at home sitting on the couch playing video games, mixing up some Drank or burglarizing the neighborhoods that aren’t even looking for work.
Recovery Summer 5.0
Hundreds of banks, companies, universities and economic research firms. Here's a partial list:
ACT Research Action Economics AIG Bank of America Merrill Lynch Bank of Tokyo-Mitsubishi UFJ Barclays BMO Capital Markets ClearView Economics Comerica Conference Board Credit Suisse Daiwa Capital Markets America DuPont Eaton Corporation Econoclast Economist Intelligence Unit Fannie Mae FedEx Corporation Ford Motor Company General Motors Corporation Georgia State University Goldman Sachs & Co. High Frequency Economics IHS Global Insight Inforum - Univ. of Maryland J P MorganChase Kellner Economic Advisers Macroeconomic Advisers, LLC MacroFin Analytics Mesirow Financial Moody's Analytics Moody's Capital Markets Morgan Stanley Naroff Economic Advisors National Assn. of Home Builders National Assn. of Realtors Nomura Securities Northern Trust Company Oxford Economics Pierpont Securities PNC Financial Services Group RBC Capital Markets RBS RDQ Economics Societe Generale SOM Economics, Inc. Standard & Poors Corp. Swiss Re Turning Points (Micrometrics) U.S. Chamber of Commerce UBS UCLA Business Forecasting Proj. Wells Capital Management Wells Fargo
Curious.
One week we have numbers that are sharply lower than the previous week.
The next week we have numbers that are sharply higher than the previous week.
In the early weeks of the Obama administration, we saw numbers change by 1,000 from week to week. In the middle weeks of the Obama administation, we saw numbers change by 2,000 from week to week. Now, we see numbers change in the 10s of thousands from week to week.
Unexpected Thursday
(Pleasant Valley Sunday - with apologies to the Monkees)
The White House Press Corps down the hall
Is trying hard to learn their song
Seranade the weak kneed Gibbs, who just came out to make them yawn
Another Unexpected Thursday!
Spilled Oil burning everywhere!
Rows of houses they’re all foreclosed
And no one seems to care
See Mrs. O, she’s proud today because her roses are in bloom
Mr. O he’s so serene, He’s on TV in every room
Another Unexpected Thursday
Here in Unemployment land
The Press complains about how high it is
And the people just don’t understand
Creature comfort goals
They only numb my soul and make it hard for me to see
My thoughts all seem to stray, to places far away
I need a change of scenery
Ta Ta Ta...
Another Unexpected Thursday
Spilled Oil burning everywhere!
Another Unexpected Thursday
Here in Unemployment land
Another Unexpected Thursday...
There are no incentives to bring "jobs" back to America. Absolutely none.
I’m surprised the rate isn’t down to 100,000, I mean at some point don’t you run out of people whom can file an “INITIAL” claim? I guess a lot of people are losing a job every 6-12 months and refiling.
RE: Just to piss you off :-) the 4WMA moves to 310,250, the lowest since the same week in June 2007
Why should I be pissed off? If jobs are really being created, it is occasion to rejoice. The challenge is to convince most FReepers that the improvement is real (i.e., people really are looking and finding jobs and not sitting on their butts collecting unemployment).
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