Skip to comments.New weekly US jobs claims post surprise rise (highest number of new claims since February 27)
Posted on 04/08/2010 1:58:41 PM PDT by NormsRevenge
WASHINGTON (AFP) New claims for unemployment insurance benefits in the United States unexpectedly rose last week, government data showed Thursday in a mixed report on the troubled labor market.
Initial jobless claims increased by 18,000 to a seasonally adjusted 460,000 in the week ending April 3, the Labor Department said, revising slightly upward the prior week's reading to 442,000.
The rise surprised most analysts who had expected new claims to fall to 435,000 and snap two weeks of declines.
The headline figure was the highest number of new claims since February 27. Since starting a downward trend in late March 2009, claims have risen in eight of the past 14 weeks this year.
"Though this reversed some of the recent improvement, it should not be cause for alarm, as claims tend to be more volatile around holidays; the latest data point coincided with the week leading up to Easter," said Andrew Gledhill at Moody's Economy.com.
"This week's increase in initial claims should not be seen as a reason to doubt that the slower layoff trend is persisting."
According to a four-week moving average, which smooths some volatility in the weekly figures, new claims rose 0.5 percent to 450,250.
(Excerpt) Read more at news.yahoo.com ...
and this is Hope and Change?
Oh God , I hope it does change. as in Regime change.. November can't get here soon enough... and for far too many, it is already too late.
WE see how well Obama's laser-like approach to the Number One Priority of Jobs is.. we just signed away a sizeable chunk of nuclear deterrence.. enacted a behemoth of a white elephant health care plan.. and re-affirmed the commitment to not drilling for oil where it is easily located on domestic lands.
They found a new word. “surprised”
“The rise surprised most analysts”
Wow! This was sooo unexpected! Folks, the inmates are definitely running the asylum!
US President Barack Obama (R) toasts with his Czech Republic counterpart Vaclav Klaus (C) and Russian President Dmitry Medvedev after signing the new Strategic Arms Reduction Treaty (START) in Prague. Obama and Medvedev signed a landmark treaty Thursday committing to major nuclear arms cuts, while also warning Iran to expect sanctions over its nuclear drive. (AFP/Jewel Samad)
Anybody know how many NEW hires there are ?
We know that 460,000 people got laid off last week, but how many people got HIRED last week ?
That would tell us the NET number of jobs added/lost and whether we’re headed in the right direction employment-wise.
“New claims for unemployment insurance benefits in the United States unexpectedly rose last week,”
Is anybody else tired of the word “unexpectedly?” Who is it who is so stupid and unobservant that they can continue week after week to witness what the administration and Congress are doing and continue to use the word “unexpectedly?”
This is only “unexpected” and a “surprise” to members of Obama’s media and other dopey Dems.
The Easter Bunny must not have required much help! An UNEXPECTED turn of events!
It would be interesting to know how many more jobs can be lost before this country goes completely in the tank. At 450,000 a week, we won’t be able to take much more.
The "unexpected" every month is becoming quite expected.
The Great Dempression
Well, Andrew, I take it most of the surprised analysts are atheists and didn’t realize Easter was upon us?
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