U.S. jobless claims hit 14-month high; analysts blame Verizon strike

Reuters ^ | May 12, 2016 | Lucia Mutikani

[John W]

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose last week to a more than one-year high, but economists blamed striking telecommunications workers for the surge and said the data did not signal a deterioration in the overall labor market.

Another report on Thursday showed import prices increased in April for a second straight month, suggesting the disinflationary impulse from a strong dollar and lower oil prices, which has helped to hold inflation well below the Federal Reserve's 2 percent target, was fading.

Initial claims for state unemployment benefits increased 20,000 to a seasonally adjusted 294,000 for the week ended May 7, the highest level since late February 2015, the Labor Department said. It was the third consecutive week of increases in first-time applications for jobless benefits.

[Don Hernando de Las Casas]

I blame photosynthesis.

[Mouton]

Mercury’s orbit passed between the earth and sun too, don’t forget that.

[Bratch]

[JOAT]

analysts blame Verizon strike

Snort, chuckle.

Riiight....

[Jeff Head]

Heck of an Obama recovery.

Of course...for him...this is just more progress in his fundamental change of America.

[Henchster]

"Don't worry folks, we've created 14m new jobs, and the Summer of Recovery V8.0 is just around the corner of the welfare line!"

/WhiteHutSpeak

[Snowybear]

Someone was drunk and ran over one of the IBEW strikers. Unfortunately he didn’t back up and do more.

[RU88]

This bit of terrible economic news was undoubtedly “unexpected.” Drink!

[Buckeye McFrog]

uhh....when you go on strike, you don’t get to file for unemployment.

[NEMDF]

They know that only 1 out of every 100,000 people will even have that thought, and the media will not bother checking into it.

[EEGator]

Stay classy.

[Brilliant]

So Obamas friends at the labor unions are to blame.

[StCloudMoose]

the coal industry job loss is now at almost 200,000

[fwdude]

Wait for it... UNEXPECTED?!

[ealgeone]

It’s been a colder spring than normal also.

[ßuddaßudd]

At least its not the weather this time . .

[Rashputin]

In 1970, the top 1% of folks earned $45 for every $1 dollar an average worker earned. Now, the top 1% receive $844 for every $1 an average worker earns.

I blame Free Traitors and Government BS about banks or anyone else being too big to fail along with the rest of the trash the "business as usual" democrats and conservatives both espouse.

[SaveFerris]

[ U.S. jobless claims hit 14-month high; ]

[Roccus]

They know that only 1 out of every 100,000 people will even have that thought, and the media will not bother checking into it.

...and once more the low information FReepers are heard from.

Just a thought, but you might want to check into it yourselves....(hint) New York State law.