Posted on 08/21/2010 1:20:44 PM PDT by Wanderer659
It seems that every month, economic indicators are released that take the elites and the MSM (redundant?) by surprise. Hence, the MSM leads with headlines like, “unexpected,” “surprising,” and the like. Here is the latest “unexpected” story, from CNBC.
New U.S. claims for unemployment benefits unexpectedly climbed to a nine-month high last week, yet another setback to the frail economic recovery.
Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 500,000 in the week ended August 14, the highest since mid-November, the Labor Department said on Thursday.
Analysts polled by Reuters had forecast claims slipping to 476,000 from the previously reported 484,000 the prior week, which was revised up to 488,000 in Thursday’s report.
(Excerpt) Read more at conservativehideout.com ...
It’s not a matter of “can’t”. They refuse and don’t care.
evasion of reality type of irrationality = libtard mentality
I keep wondering why they keep calling it a “recovery.” On what basis are we having a recovery?
We’re recovering from a free republic?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.