Skip to comments.Jobless Claims Fall By More Than Expected to 214,000
Posted on 01/09/2020 9:46:10 AM PST by Red Badger
Fewer Americans filed first time applications for unemployment benefits last week, as the labor market appears to be holding up at a stronger level than expected.
New applications for state unemployment benefits fell 9,000 to a seasonally adjusted 214,000, the Labor Department said Thursday. This was the fourth consecutive weekly decline, largely reversing the climb in claims in early December. The higher numbers in the first weeks of December led some to believe the labor market was cooling.
Economists had expected claims to come in at 219,000.
(Excerpt) Read more at breitbart.com ...
Who are the “Experts” who are continually wrong!!!!
PAUL KRUGMAN HEADS THE LIST................
End welfare. End EBT. End ObamaPhones. Get off of your asses. Get an effing job, like the rest of us, you slackers!
during eight years of obammunism, almost everything labeled unexpected was a BAD thing, put with trumponomics, almost everything labeled unexpected is a GOOD thing ...
and given the number of “unexpecteds” in both administrations, it’s pretty clear that “economists” have always fudged their predictions based on their leftist political proclivities since they always over-predicted for obama and under-predicted for trump ... in other words economic prediction is really fake economics, just like everything else that’s fake that’s produced by leftists, like fake news, fake “science”, fake nutrition, fake medicine, etc.
Interesting that the job market is holding up when manufacturing is contracting.
Exactly my first thought. Who’s doing this ‘expecting’? For 8 years of Obama, every economic report was worse than expected. For 3 years of Trump, they’re all better than expected.
Then there where those election expectations...
Wait a sec there, GNM! I retired. Can't I just sit back and enjoy my waffle?
That is an excellent observation, CNM. That makes a LOT of sense.
Economic Prediction is the Left’s equivalent of Tarot Card reading, Palmistry and Crystal Ball gazing...................
The favorite adverb of major news organizations when describing dreary economic news since 2009. It is believed to have originated around May 19, 2009, when Reuters reported “new U.S. housing starts and permits unexpectedly fell to record lows in April . . . denting hopes that stability in the housing market was imminent.” Has since been incorporated into the style book of the Associated Press, as well as other journalistic entities.
Anticipated to remain in the forefront of economic reporting until the end of 2016, when it will “unexpectedly” disappear from the landscape.
“The pace of expansion in the U.S. manufacturing sector unexpectedly slowed in March, according to an industry report released on Monday.”—Reuters, 4/1/13
“U.S. manufacturing unexpectedly contracted in November, falling to its lowest in over three years ...”—Reuters, 12/3/12
“Previously owned U.S. home sales unexpectedly dropped in March as a lean supply of properties kept the industry from generating a stronger recovery.”—Bloomberg, 4/22/13
” Employers added fewer jobs than forecast in November and the unemployment rate unexpectedly increased ...”—Washington Post, 12/3/10
by RobinGoodfellow1 April 28, 2013
Oh, the waffle cannot wait. Enjoy.
Who are the Experts who are continually wrong!!!!
Leftist academics with agendas to push.
Prest Trump just keeps waving his magic wand!
Are we still drinking on the “Unexpected”. My liver can’t take much more.
More bad news for Democrats.
Yep - ironic all the bad news under Obama was “unexpected” and all the good news under Trump is “unexpected”
What a dichotomy.
Markets back up and DOW nearing 29,000 while oil drops back under $60....”UNEXPECTED” and causing the Dems a LOT of pain/agony/angst and a super start to my New Year...
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