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U.S. Weekly Jobless Claims Unexpectedly Rise To 372,000
RTT News ^ | 23 Aug 12 | Rtt Staff Writer

Posted on 08/23/2012 6:06:15 AM PDT by xzins

E-MAIL SHARE FONT-SIZE 8/23/2012 8:37 AM ET (RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly showed a modest increase in the week ended August 18th, according to a report released by the Labor Department on Thursday.

The report showed that initial jobless claims edged up to 372,000 from the previous week's revised figure of 368,000. The modest increase came as a surprise to economists, who had expected jobless claims to slip to 365,000 from the 366,000 originally reported for the previous week.

Additionally, the Labor Department said the less volatile four-week moving average crept up to 368,000 from the previous week's revised average of 364,250.

by RTT Staff Writer


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: elections; jobless; jobs; obamanomics; recovery; unemployment; unexpected
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To: Ravi

Open ended QE is coming.


61 posted on 08/23/2012 8:05:11 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: xzins

There’s that word again. I do not think it means what they think it means.


62 posted on 08/23/2012 8:07:58 AM PDT by Domandred (Fdisk, format, and reinstall the entire .gov system.)
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To: xzins

Have no fear, the Obama administration has ways to shut a legitimate bad jobs report down.


63 posted on 08/23/2012 8:09:03 AM PDT by Cruising For Freedom
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To: xzins

FU Big Media, and the god Hussein you worship — FU!!!!


64 posted on 08/23/2012 8:11:13 AM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
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To: xzins

http://www.youtube.com/watch?v=d5auvCKWvpE&feature=player_detailpage#t=307s


65 posted on 08/23/2012 8:12:45 AM PDT by ltc8k6
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To: xzins

unexpected !

everyone drink!!!


66 posted on 08/23/2012 8:13:13 AM PDT by TexasFreeper2009 (Obama lied .. the economy died.)
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To: Liberty Valance

just imagine is we had a fair non biased media.

Obama would have got beaten by Clinton for a start .

Today obama’s numbers would be in the teens or low 20’s if ghe media actually did their job and actually reported the facts and called out the white house..

The corruption, the lies and the real numbers are never reported and the white house press corp are a joke, it;s a love fest


67 posted on 08/23/2012 8:21:58 AM PDT by manc (Marriage =1 man + 1 woman,when they say marriage equality then they should support polygamy)
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To: bert

Yes devaluing currency, qe3, would tend to relatively reduce our debt. In theory, it seems to work, but in practice I wonder if it holds. Instead of debt/gdp should we maybe start debt/gdp+qe?


68 posted on 08/23/2012 8:24:36 AM PDT by Ravi
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To: mwl8787
true but that is because the media only goes after Republicans and never state facts about Dems to their viewers, readers or listeners.

The real enemy is our media, I watched a white house press briefing this week and not once did the media actually ever call Carney out in his lies or even asked a tough question.

Mr President you called for transparency and yet you have sealed records, covered up fast and furious, why is that?

Or

You called Bush unpatriotic for this debt but you have put this country into more debt than all past presidents combined so do you now class yourself as unpatriotic?

The debates will be another love fest for the bozo. too and the GOP will never say a frigging word and call these people out for their bias just like they never call out the homostapo.

69 posted on 08/23/2012 8:30:03 AM PDT by manc (Marriage =1 man + 1 woman,when they say marriage equality then they should support polygamy)
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To: GOPsterinMA

strange hey how the media have not got all utraged over gas prices, I presume as I don’t watchthe left wing crap but the today, show Good morning America, the view etc and local channels have not reported any of this either


70 posted on 08/23/2012 8:34:54 AM PDT by manc (Marriage =1 man + 1 woman,when they say marriage equality then they should support polygamy)
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To: Ravi

-——but in practice I wonder if it holds-—

Well, we just don’t know. The reaction to all the money of the qe’s is still working through the system and is not fully realized.

The next president must deal with the setup. Obama has known for a long time he bit off more than he can chew and very likely dreads the prospect of more failure. He reacts by pleasing his base by giving them the money being redistributed.


71 posted on 08/23/2012 8:35:53 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
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To: xzins

Maybe the Obama people are jigging the numbers UP so they can show a drop before the election.


72 posted on 08/23/2012 8:44:57 AM PDT by GOPJ (Politics is war without bloodshed, and war is politics with bloodshed. - Mao Tse Tung. We're at war)
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To: Doogle

I can’t wait to see what the revision of the revision, of the revision, of these numbers are...

Should be TOTALLY UNEXPECTED!


73 posted on 08/23/2012 9:12:29 AM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: xzins

BFD - haven’t you heard what that guy Akin - from MO - said??

/s (is it really needed?)


74 posted on 08/23/2012 9:13:31 AM PDT by jonno (Having an opinion is not the same as having the answer...)
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To: GOPJ

They’ll be helped by Holiday/Christmas hiring starting in the fall. They can also play games with the discouraged workers/drop outs and make the UE number look better.

I’ve not one single solitary doubt that they will do that.


75 posted on 08/23/2012 9:22:49 AM PDT by xzins (Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
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To: Wyatt's Torch
I have been wondering what the barometer we should be using, and I appreciate you average figure of 363K since 1967. I assume you are correct. My point would be this, 363K is the average across all kinds of economies, that is both booms and recessions. If, after three years of first time claims being 363K and above, it certainly does not portend a vibrant economy. That is, if we were in a solid recovery, wouldn't we expect first time claims to be significantly below 363K for an extended period of time? We can barely get the first time claims to get to the 45 year average line. Not exactly a stellar performance. We have been bleeding jobs for so long, we just may be running out of jobs to lose. If they want to crow about an improving economy, you need to get significantly below the average line for a significant length of time. At least in my humble opinion.
76 posted on 08/23/2012 9:34:21 AM PDT by fhayek
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To: xzins

In a four sentence excerpt:

“First time claims...showed a MODEST increase...”

“...initial jobless claims EDGED UP...”

“The MODEST increase...”

“four-week moving average CREPT UP...”


77 posted on 08/23/2012 9:44:19 AM PDT by mouske
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To: xzins

unexpectedly

again??


78 posted on 08/23/2012 9:47:49 AM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: xzins

This is what the election is going to come down to, not what Akin said, or this BS “War on Women” nonsense..people can’t find work, unemployment is rising, and Obama’s policies are at fault..that is why Obama is talking about garbage that doesn’t matter, because he is trying to deflect focus from his epic failure at being President


79 posted on 08/23/2012 9:52:47 AM PDT by Sarah Barracuda
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To: Mouton
"Along with “unexpectedly” comes the usual revised figure without any mention it is UP from the official figure dispensed last week which was unexpected at that time."

Granted, it could be clearer, but for a change the LSM DOES mention the adjustment (emphasis added). You just need to READ it.

"The report showed that initial jobless claims edged up to 372,000 from the previous week's revised figure of 368,000. The modest increase came as a surprise to economists, who had expected jobless claims to slip to 365,000 from the 366,000 originally reported for the previous week ."

Not disputing your point, however, that the LSM is up Obama's backside.

80 posted on 08/23/2012 10:11:08 AM PDT by In Maryland (Our rights come from nature and God, not government. - Paul Ryan)
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