Posted on 06/14/2012 7:50:40 AM PDT by MNDude
(RTTNews) - New claims for unemployment insurance in the U.S. unexpectedly saw a modest increase in the week ended June 9th, according to figures released Thursday by the Labor Department.
The Labor Department estimated initial jobless claims at a seasonally adjusted level of 386,000, an increase of 6,000 from the previous week's revised level of 380,000.
The increase surprised economists, who had expected jobless claims to edge down to 375,000 from the 377,000 originally reported for the previous week.
Lindsey Piegza, an economist at FTN Financial, said, "While noticeably down from this time last year, claims remain elevated after the downward trend arrested back in February."
"The recent and growing weakness in the labor force continues to undermine confidence in the sustainability of the U.S. recovery," she added. "The downward trend in claims has yet to be reinstated suggesting further weakness in payrolls is likely."
(Excerpt) Read more at rttnews.com ...
"You keep saying that word. I do not think it means what you think it means.
62 out of 66 weeks and they're "surprised."
These must be the same dopey clowns that Obama refers to when he starts his sentences with "All the economists agree...."
Kinda’ dated story from June 14th.
Been a few more weeks of data released since then.
Been a few more weeks of data released since then.
43 posted on Thursday, June 14, 2012 1:06:34 PM by PeteB570
Scratching head and looking at the calendar.
So, did you bring a copy of the Wall Street Journal (or at least a sports almanac) from this future you just came from?
Man, I lost a month somewhere - or gained one.
June? June? Damn, quarterly taxes are due in two days.
Can ONE freaking conservative that appears on TV look these idiots in the eye and ask “Just how many times does this have to happen before your puzzlement subsides? We are in the high double digits now. Surely you notice a pattern evolving...”
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