Posted on 02/18/2021 9:42:04 AM PST by SeekAndFind
Weekly unemployment claims unexpectedly surged last week, rising above 800,000 as the labor market recovery stalled.
The Department of Labor released its weekly report on new jobless claims Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg:
* Initial jobless claims, week ended February 13: 861,000 vs. 773,000 expected and an upwardly revised 848,000 during prior week
* Continuing claims, week ended February 6: 4.494 million vs. 4.425 million expected and an upwardly revised 4.558 million during prior week
At 861,000, new jobless claims posted a surprise back-to-back weekly increase to reach the highest level in one month. The prior week's new claims were also upwardly revised to 848,000, from the 793,000 reported previously.
The four week moving average for new claims ticked down slightly by 3,500 to 833,250, as claims steadied at an elevated level after a December and January surge. And new weekly claims remain multiples above their levels from before the pandemic, when claims were coming in at an average of just over 200,000 per week.
On a state-by-state basis, some populous states again reported large increases in new claims for the week ended February 13, contributing heavily to the overall rise. Illinois saw more than 33,000 new claims filed last week, on an unadjusted basis, while California estimated that 20,600 claims were filed. Others, however, saw notable decreases, including Texas with a drop of 12,400 unadjusted new claims, and Georgia with a drop of nearly 6,000.
(Excerpt) Read more at finance.yahoo.com ...
With 46.5 months to go.
I bet low energy, to steal a nic,joeb can out crap obama.
About 17% of those claims are in Ohio, which is a ridiculous amount. We are not the size of Vermont, but we are also not the size of California or even New York.
22% were flagged as suspicious.
While I don’t doubt people are losing their jobs in the wonderful Biden economy, a lot of unemployment claims are fraudulent.
When you seen “unexpected” describing jobless numbers the press is tipping you that a Dem is in the WH
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Yup. It’s a “tell”. Just like not seeing any stories about homelessness.
Thx to Dr Death Fauci.
For your unexpected enjoyment!
Jobless claims unexpectedly spikes: Another 861,000 Americans filed new unemployment claims
Here we go. The return of unexpected to the political lexicon.
“Here we go. The return of unexpected to the political lexicon.”
Unexpected and Unexpectedly as noted, will be part of the Political Lexicon from the left wind mediots and outhouse.
Xiden’s plan to destroy the economy is going much better than expected!
More reasons to get Fidel Che Guesome removed as California Governor.
8.4 48
California
“Unexpected” spikes during Dem administrations, “unexpected” declines during Republican administrations.
The pattern from the media continues.
“Unexpectedly”
From the ‘experts’ who know what they are doing, who are now back in the white house.
Remember when they had to ‘revise’ all the economic numbers (usually for the worse) each month under Odumbass?
My pleasure :)
There’s no magic wand to bring back jobs according to Obama. But apparently there’s one to eliminate them.
The Department of Labor released its weekly report on new jobless claims...”
If this keeps up they’re going to start flat out lying about the numbers. They can do that now since they shoved a false president down our throats without so much as a kick. Other lies are nothing in comparison.
Job claims 'unexpectedly spiked'...
Crime 'unexpectedly spiked'...
In all seriousness, we ALL need to be preparing for a VERY bad year or three in whatever way is best for your local area and culture.
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