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Jobless Claims, Inflation Rise More Than Expected
CNBC.com ^ | Thursday, 18 Aug 2011

Posted on 08/18/2011 6:22:11 AM PDT by markomalley

New U.S. claims for unemployment benefits rose more than expected last week, according to a government report on Thursday that suggested hiring in August was steady but not robust.

Meanwhile, the Labor Department says the Consumer Price Index rose 0.5 percent in July, following a drop of 0.2 percent in June. Gas prices accounted for much of the swing. Prices increased by a seasonally adjusted 4.7 percent, after falling sharply in June.

The core index, which excludes volatile food and energy, rose 0.2 percent. That's below the 0.3 percent rise in each of the previous two months.

Prices are 3.6 percent higher than they were a year ago, matching the 12-month increase in May and June. Core prices are 1.8 percent higher than they were a year earlier, the largest increase in two years.

Meanwhile, initial claims for state unemployment benefits increased 9,000 to a seasonally adjusted 408,000, the Labor Department said.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Front Page News
KEYWORDS: barackalypsenow; bhofascism; democrats; economy; inflation; jobless; liberalfascism; obama; obamadepression; obamageddon; obamanomics; recession; recovery; socialistdemocrats; soros; unemployment; unexpected
Jobless Claims, Inflation Rise More Than Expected

"I love it when a plan comes together"

1 posted on 08/18/2011 6:22:13 AM PDT by markomalley
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To: markomalley

It’s another Unexpected Thursday....


2 posted on 08/18/2011 6:23:08 AM PDT by dfwgator
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To: markomalley
hiring in August was steady but not robust.

????

3 posted on 08/18/2011 6:25:37 AM PDT by ClearCase_guy (The USSR spent itself into bankruptcy and collapsed -- and aren't we on the same path now?)
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To: markomalley
The President's economic team pointed out that if not for Obama, unemployment claims would have topped 456,932 and inflation would have been 4.7312%.

Vote for Obama, things could be worse.

4 posted on 08/18/2011 6:27:09 AM PDT by 11th Commandment (http://www.thirty-thousand.org/)
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To: markomalley

5 posted on 08/18/2011 6:27:19 AM PDT by Bean Counter ("For every man there exists a bait he cannot resist swallowing.".....Nietzsche)
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To: markomalley

Wrecking ball SOB. Our side better turn UP the rhetoric stating flatly how he is single-handedly destroying the country with help from the Senate.


6 posted on 08/18/2011 6:28:30 AM PDT by CincyRichieRich (Keep your head up and keep moving forward!)
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To: markomalley

Santelli was awesome this morning.

Love that guy.


7 posted on 08/18/2011 6:29:25 AM PDT by nascarnation
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To: markomalley

“Inflation Rise More Than Expected”

Seriously? As much money as they’ve printed??


8 posted on 08/18/2011 6:34:42 AM PDT by WKUHilltopper (And yet...we continue to tolerate this crap...)
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To: markomalley
Jobless Claims, Inflation Rise "More Than Expected"....


9 posted on 08/18/2011 6:37:51 AM PDT by massmike (Massachusetts:Stopped hanging witches;started electing Kennedys.Coincidence?)
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To: dfwgator
We need a bipartisan commission to study how to better stimulate the economy with green jobs, nationalized health care, tighter EPA regulations, offshore drilling moratoriums, public transportation to include a monorail, infrastructure and education spending. We need to bail out the retirement plans of unionized labor, extend the food stamp and unemployment programs... That’ll all create jobs!

The best thing we can do for the economy now is to talk about “higher taxes,” deflate our currency like a third rate Caribbean banana republic, vilinize corporations and the successful, take on massive debt and bring into question our ability to ever repay them (that’ll make people more readily lend us money in the future)...

Poor Obama has simply had some “bad luck.” Besides, he's only had three years of which the first two had a Democrat House and Senate to fix the mess Bush left him. No worries though, the world loves us now. We're on the level most others are at!

10 posted on 08/18/2011 6:41:59 AM PDT by Red6
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To: markomalley

I read somewhere that if the phony calculators were using the same methods that were used during the regime of the last master of disaster (jimmah cahtuh) the current inflation rate would be around 15%.

More proof, as if any were needed with this bunch, that figures don’t lie but liars can sure figure.


11 posted on 08/18/2011 6:44:38 AM PDT by 43north (BHO: 50% black, 50% white, 100% RED)
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To: dfwgator

“excluding food and energy”

Well yeah, who needs those?


12 posted on 08/18/2011 6:46:12 AM PDT by ltc8k6
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To: markomalley
“The core index, which excludes volatile food and energy, rose 0.2 percent.”

There is no other statement possible that so clearly illustrates the pure corruption that resides inside the beltway. This level of corruption has infected the “processional politicians” and “public servants” of all political stripes!

Proof of statement?

All those reading this post - please raise your hand if you can live for 30 days without using any power (electricity, natural gas, coal, or gasoline).

All those reading this post - please raise your hand if you can live for 30 days without eating (and drinking) anything.

If you can not live without it for 30 days it needs to be counted as part of inflation.

But then, doing something like this would be telling the whole truth - a rare commodity that is in short supply when it comes to “professional politicians and public servants”.

13 posted on 08/18/2011 6:50:39 AM PDT by Nip (TANSTAAFL and BOHICA)
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To: markomalley
Not to worry. Obama has a plan to create jobs and put people back to work.

He'll tell us all about it in September (after his vacation in Martha's Vinyard).

14 posted on 08/18/2011 6:53:45 AM PDT by Washi
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To: dfwgator

“It’s another Unexpected” term has been outed. The term “more than expected” is now being utilized. Which acknowledges the expected unexpected bad news expected from this government


15 posted on 08/18/2011 6:55:19 AM PDT by mosesdapoet ("To punish a province Let it be ruled by a professor " Frederick The Great paraphrased)
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To: markomalley

Wait until they start cutting the Defense budget! That is, if they count unemployed military, defense contractors, or defense industry workers. They don’t count gas and food in inflation.


16 posted on 08/18/2011 6:59:08 AM PDT by CharlyFord (t)
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To: markomalley
The prior week's figure was revised up to 399,000 from the previously reported 395,000.

Revised up? You don't say! Unexpected.

17 posted on 08/18/2011 7:00:10 AM PDT by newzjunkey (12yo's consent law, AB499 (Atkins), passed the CA Asm 50-25, Sen vote next.)
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To: markomalley
The core index, which excludes volatile food and energy, rose 0.2 percent.

That is like saying, "The core index of my being excludes breathing and eating."

The Department of How Can We Fool Them Today has been working overtime.

18 posted on 08/18/2011 7:03:08 AM PDT by N. Theknow (Obama and the Dems - The flash mob raiding the Treasury.)
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To: dfwgator

Again...when does the unexpected become expected?


19 posted on 08/18/2011 7:03:49 AM PDT by mort56
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To: markomalley
I'm sick of this "unexpected" meme. The last three years have been utterly, predictably, forecastably "unexpected"... and we can unexpect at least another year of the same.

Along similar lines of deep thought, today just so happens to be my un-birthday! O, happy me!

20 posted on 08/18/2011 7:06:43 AM PDT by Publius Maximus (It was a nice Republic, while it lasted.)
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To: markomalley

409,000 is far above the steady state of 250-300 thousand from the GWBush era...or even the WJClinton era.

Obama is failing miserably at jobs.


21 posted on 08/18/2011 7:14:19 AM PDT by xzins (Retired Army Chaplain and Proud of It! True Supporters of our Troops PRAY for their VICTORY!)
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To: Red6

Great summary! Really brings home how totally delusional the left is.


22 posted on 08/18/2011 7:21:49 AM PDT by Scutter
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To: markomalley

FOOD STAMPS AMERICA!

Be sure to thank your Muslim Brotha in da Whitehouse...


23 posted on 08/18/2011 7:25:33 AM PDT by TheDailyChange (Politics,Conservatism,Liberalism)
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To: Red6
They hate us for our freedoms. The USA is a force of good, helping spread democracy.

Right or left, warfare or welfare, both parties benefit from an ever growing centralized state. Politicians trick voters with promises (a la Lucy & Charlie B), but when they get to DC, they quickly assume the position: hands out to rake in as much filthy lucre as possible before they have to run for office once again. Rinse, wash, repeat, and you have the formula for America's decline and eventual demise.

24 posted on 08/18/2011 7:26:54 AM PDT by semantic
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To: markomalley

Not to nit-pick Dear Leader, but does anyone else have a problem with a sitting president always seeming to have some type of alcoholic beverage in his hand? Is the guy a closet-drunk along with being a chain/pole smoker and a Marxist?


25 posted on 08/18/2011 7:49:16 AM PDT by eak3
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To: markomalley

Here comes Hillary!!! Ron Paul or Donald Trump to split the Republican vote....right out of the 92 playbook.


26 posted on 08/18/2011 8:13:04 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: blueunicorn6
Here comes Hillary!!! Ron Paul or Donald Trump to split the Republican vote....right out of the 92 playbook.

At this point, Her Royal Fat-assed Headcase in the White House would be good news!

27 posted on 08/18/2011 8:21:06 AM PDT by April Lexington (Study the Constitution so you know what they are taking away!)
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To: eak3
Not to nit-pick Dear Leader, but does anyone else have a problem with a sitting president always seeming to have some type of alcoholic beverage in his hand?

Remember that first med report after he took office? His doctor told him to cut back on the drinking. So... its back to coke and oral sex in the back of limos!

28 posted on 08/18/2011 8:23:01 AM PDT by April Lexington (Study the Constitution so you know what they are taking away!)
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To: markomalley

29 posted on 08/18/2011 8:23:07 AM PDT by rhema ("Break the conventions; keep the commandments." -- G. K. Chesterton)
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To: markomalley
The prior week's figure was revised up to 399,000 from the previously reported 395,000.

Statistics are fun!

30 posted on 08/18/2011 8:24:37 AM PDT by April Lexington (Study the Constitution so you know what they are taking away!)
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To: Red6

I’m stunned, I tell you, stunned! I can’t believe you’ve already managed to get a leaked copy of Obama’s “new ideas” September plan with that much detail in it! All I can say is, you must have one hell of an inside source!


31 posted on 08/18/2011 8:39:15 AM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: catnipman
We're in trouble.

At the most senior levels of our government we have children at play. Well dressed and spoken children with real big ego's, but nonetheless, children.

In the arts we sometimes romanticize about children ruling the world, now we see what that brings.

32 posted on 08/18/2011 12:10:54 PM PDT by Red6
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To: semantic

True,

The nature of government is to grow government, may that be the left or right.


33 posted on 08/18/2011 12:13:39 PM PDT by Red6
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To: markomalley
Prices are 3.6 percent higher than they were a year ago...

That's a monumental load of B.S...

34 posted on 08/18/2011 4:55:37 PM PDT by CarryaBigStick (My office is an Airtractor 402)
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