Drink!
Posted on 10/07/2022 6:37:25 AM PDT by ChicagoConservative27
The number of Americans submitting new claims for jobless benefits increased more than expected last week, jumping 29,000 to a seasonally adjusted 219,000 for the week ended October 1, the Department of Labor said Thursday.
The rise in fresh unemployment filings was the highest in four months.
Economists polled by the Reuters news agency had forecast 203,000 applications for the latest week, coming as officials at the U.S. central bank continue efforts to tame the worst inflation in four decades.
(Excerpt) Read more at breitbart.com ...
Drink!
I think we’ve been in a recession now for three quarters. And unemployment is increasing, you say? That’s so unexpected!
LOL - if I play the “unexpected” drinking game with these morons in charge, I’ll be hammered before 8:00 a.m. most mornings. 😄😆
Lie to me.
Yep. Jobless claims are a lagging indicator.
Isn’t everything “UNexpected” these days with these 🤬🤡 if things “unexpectedly” don’t meet their plans?
Can’t be so. Remember they redefined recession just for sleepy Joe
For the newbies............. any bad, troubling, or discouraging news for the Dems that can’t be ignored or spun into something else, is always “unexpected” by the US Pravda.
This usually includes raw numbers and figures that can’t be totally hidden.
And all of the good economic news during the Trump years were also ‘unexpected’ or either ignored by the press.
Whatever, it is very important that no blame for any bad economic news accrue to the Biden/democrat polices. They are all to be blamed on Putin, ‘the other guy’, big meat, big pharma, etc., etc.
Heard on the radio this morning the unemployment rate ticked down a notch. I thought to myseff...you can’t believe a damn thing coming out of our government. Every-damn-thing is kabuki theater.
The Fed has to destroy the economy to slow down their interest rates. As of now, the economy has been very robust against such actions. Higher unemployment will likely bring forth a stock rally in anticipation of a Fed pivot.
Drink. 🍺🍷🥃🥂🍻🍹
They’ve probably been unemployed for over 6 months, and then you aren’t unemployed, you drop from the labor force participation rate.
DOW down about 500 already…
PPP team on call.....
Aren’t they out of ammo yet?…
They are going to blame the hurricane. Remember during the Obama administration almost every bad jobs report was blamed on the weather….too hot…too cold….too wet….too dry.
Right on.
Unexpected!
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