Posted on 01/14/2016 7:22:53 AM PST by mykroar
The number of Americans filing for unemployment benefits unexpectedly rose last week, but remained below levels associated with a healthy labor market.
Initial claims for state unemployment benefits increased 7,000 to a seasonally adjusted 284,000 for the week ended Jan. 9, the Labor Department said on Thursday. The prior week's claims were unrevised.
Still, it was the 45th consecutive week that claims remained below the 300,000 mark, which is associated with strong labor market conditions. That is the longest such stretch since the early 1970s.
Economists polled by Reuters had forecast claims slipping to 275,000 in the latest week. The increase likely reflects volatility rather than a change in labor market conditions, as the data is difficult to adjust during holidays. Claims also tend to increase at the start of each quarter.
(Excerpt) Read more at cnbc.com ...
Gee I am so glad everything is going so well. Meanwhile the economists at the Royal Bank of Scotland say sell everything you have because a world wide recession is coming and folks have lost over 3 trillion dollars on paper since January 1. Who to believe.../sarcasm tag!
Freegards
LEX
For reals, player?
Data extracted on: January 14, 2016 (10:29:00 AM)
Labor Force Statistics from the Current Population Survey
Series title: (Seas) Labor Force Participation Rate
Labor force status: Civilian labor force participation rate
Source: Bureau of Labor Statistics bls.gov
Only one more year until the definition of “unexpected” morphs to mean “positive economic news”
I would say “You have got be be kidding me”, but the lies, deception and denial has been going on almost 8 years now.
Markets soaring on the great news (SARC)
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