Posted on 03/24/2016 6:18:39 AM PDT by mykroar
The number of Americans filing for unemployment benefits rose modestly last week while revisions for prior weeks showed the labor market was much stronger than previously thought.
Initial claims for state unemployment benefits increased 6,000 to a seasonally adjusted 265,000 for the week ended March 19, the Labor Department said on Thursday. The prior week's claims were revised to show 6,000 fewer applications received than previously reported.
Economists polled by Reuters had forecast claims rising to 268,000 in the latest week. The government also revised data going back to 2011, which showed claims trending lower than previously reported. Claims for the week ended March 5 were the lowest since November 1973.
(Excerpt) Read more at cnbc.com ...
Uh huh. If it's good, it's good. If it's bad, it's good. If it's neither, it's good. Anyone want to guess how these reports change come January?
I’m stocking up on antacids.
A man has a good paying full time job. Her loses that job and now works two part time minimum wage jobs. That is good news because now the government can say two jobs were created.
Why do they even publish this BS anymore? No one with half a brain believes it.
The government also revised data going back to 2011, which showed claims trending lower than previously reported.
Liberals hate that question, because they know these employment numbers are bovine scatology.
It defies common sense to have "full employment" and growth less than 2%.
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