Jobless claims rise, but labor market healing

MSNBC ^

[Perdogg]

WASHINGTON — The number of Americans filing new claims for jobless benefits rose last week, a government report showed on Thursday, but not enough to change perceptions that the labor market was strengthening.

Initial claims for state unemployment benefits increased 8,000 to a seasonally adjusted 362,000, the Labor Department said. Even with the increase, claims are still near their lowest in four years.

Economists polled by Reuters had forecast claims unchanged at 351,000 last week. The four-week moving average for new claims, considered a better measure of labor market trends, edged up 250 to 355,000 - still near a four-year low.

[woweeitsme]

I like the “but not enough to change perceptions that the labor market was strengthening” line right behind it, though.

These people will say anything to get Dear Reader elected again.

[PittsburghAfterDark]

MSNBC where bad economic news is always “unexpected” yet to us is always expected to be labeled unxpected.

[jersey117]

These people will say anything

It truly is disgusting, isn't it? He can do no wrong in the eyes of the press. They are a disgrace to the profession.

[Mike Darancette]

New claims for unemployment benefits unexpectedly rose last week, a government report showed on Thursday, but not enough to change perceptions propaganda that the labor market was strengthening.

There, fixed it. A little early to know any one's perceptions.

[massmike]

[fhayek]

Perceptions by whom?

Initial Claims Miss Expectations, Rise For Third Consecutive Week For First Time Since August 2010

[TexasCajun]

Stop! Stop!

I can't drink any more!

[GeorgiaDawg32]

And if it was a Republican in office right now, the headline would be:

Due to antiquated right-wing economic policies, unemployment claims rose by 8,000 this week, as expected.

[tcrlaf]

RECOVERY!!!!

oh...
wait....

[SeekAndFind]

We should hold any optimism until we get some perspective on business sentiment because BUSINESSES ARE THE ONES WHO HIRE.

According to Business Insider:

---

the latest announcement from the NFIB is not good.

The organization that represents small businesses says net new job creation among their members was rather poor in February.

Granted, this is just based on a random 642 member survey, but still, not the kind of confirmatory data you'd like to see.

There was actually a very big decline in the net number of new firms planning on adding workers.



And the number of workers per firm barely gained.



And there was an uptick in the number of firms planning on cutting workers ( here in NY where I live, the largest Investment banks are still in CUTTING MODE ).

[george76]

unexpectedly

[brownsfan]

Isn’t it racist to notice anything that would negatively impact the Obama administration? < / sarc, as if needed >

[Josh Painter]

But, but, but... the economy's getting better. Both CNN and MSDNC say so.

[Buckeye McFrog]

If they give some sort of award for “Non-sequitur Headline of the Year”, PMSNBC has just won it.

[katana]

Polishing turds is a nasty job but MSNBC seems to relish it.

[for-q-clinton]

Also the 4 week avg is quite a bit lower...what will they say next week when the good week rolls off? The 5 week average is what really matters?

Also I like that they say “NEAR” a 4 year low. What what is it?

[C210N]

Non-sequitur? Hardly, just a spelling error...

Jobless claims rise, but labor market HEELING... to liberals demands that it improve anyway

[shelterguy]

Am I tarded or does this sound ridiculous to everyone?

“””Despite the rise in claims last week, labor market conditions are improving and the government is expected to report on Friday that the economy had a third straight month of solid job gains in February.””””

[lacrew]

Talk about polishing a turd.