The, 'Fun With Numbers' Bar is Open for Business! It's Five O'clock Somewhere! *HIC*
Posted on 10/01/2015 9:13:41 AM PDT by SeekAndFind
The number of new applications for U.S. jobless benefits rose modestly last week and a gauge of the trend in claims fell, pointing to ongoing tightening in the labor market that could push the Federal Reserve to raise interest rates.
Initial claims for state unemployment benefits rose 10,000 to a seasonally adjusted 277,000 for the week ended Sept. 26, the Labor Department said on Thursday.
It was the 30th straight week that claims remained below the 300,000 threshold, which is usually associated with a strengthening labor market.
The four-week moving average of claims, a closely followed trend measure because it irons out week-to-week volatility, dropped 1,000 to 270,750, not far above a 15-year low.
"Filings at this level are incredibly low by historical standards, speaking to how tight labor markets are getting," said Stephen Stanley, an economist at Amherst Pierpont Securities.
The Labor Department said there were no special factors impacting last week's claims.
Claims for the prior week were unrevised. Economists polled by Reuters had forecast claims rising to 270,000 last week.
The labor market has been on solid footing this year despite a recent global stock market sell-off, which has boosted expectations the Fed could hike rates this year or in early 2016.
(Excerpt) Read more at foxbusiness.com ...
Unexpected! Drink up
I wouldn’t sign on to that game. With this administration I’d spend my life pickled.
The, 'Fun With Numbers' Bar is Open for Business! It's Five O'clock Somewhere! *HIC*
Unexpected!!!!!!!!!!!!!!!!!!!!!
lol
I wonder how many times the words ‘adjust’ or adjusted’ show up in official communique’s in a year ?
He missed to make the numbers higher
Oh, no! Another unexpected job loss!!
= :^)
“It’s fun with Thursday jobs numbers once again.”
I wonder if they have a dartboard or a drinking game when they come up with these.
Just wait until the steep Department of Defense cuts
Claims ROSE, so isn’t that a negative outcome? Trying to decipher this article. Is it saying the fact jobless claims are under 300,000, that that indicates a bustling economy?
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.