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Jobless claims unexpectedly rise last week (up to 380,000)
http://www.baltimoresun.com/business/sns-rt-us-jobless-claims-unexpectedly-rise-last-weebre83b-20120412,0,7644127.story ^

Posted on 04/12/2012 5:51:00 AM PDT by sunmars

WASHINGTON (Reuters) - New claims for unemployment benefits rose last week to their highest level since January, a development that could raise fears the labor market recovery was stalling after job creation slowed in March.

Initial claims for state unemployment benefits increased 13,000 to a seasonally adjusted 380,000, the Labor Department said on Thursday. The prior week's figure was revised up to 367,000 from the previously reported 357,000.

Economists polled by Reuters had forecast claims falling to 355,000 last week.

The four-week moving average for new claims, considered a better measure of labor market trends, rose 4,250 to 368,500.

The claims data comes in the wake of Friday's disappointing employment report for March, which showed the economy created 120,000 new jobs, the smallest amount since October.

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


TOPICS: Breaking News; Business/Economy; Government; Politics/Elections
KEYWORDS: claims; economy; jobless; last; obamanomics; recovery; revisedup; rise; sourcetitlenoturl; unemployment; unexpected; unexpectedly; week
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Theres that unexpected word again.......so up another lot after being revised up a lot from the week before, i see a pattern.....
1 posted on 04/12/2012 5:51:05 AM PDT by sunmars
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To: sunmars

unexpectedly...everyone drink.


2 posted on 04/12/2012 5:54:29 AM PDT by Perdogg
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To: sunmars

Unexpected.

Looks like it’s an Irish Coffee kind of morning now...


3 posted on 04/12/2012 5:54:33 AM PDT by Abathar (Proudly posting without reading the article carefully since 2004)
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To: sunmars

Easter bunny.


4 posted on 04/12/2012 5:56:28 AM PDT by SouthTexas (You cannot bargain with the devil, shut the government down.)
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To: sunmars

Simple analysis of the jobs situation. A lot of companies cleared the books for three years of as much labor as they could to survive. 2012 budgets included a couple new hires, and did not account for new layoffs. Now, 2012 is settling in, and the economy is still on life support. Hiring is slowing and some companies are now letting people go again as the numbers look worse than expected.


5 posted on 04/12/2012 5:57:36 AM PDT by ilgipper
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To: ilgipper

yup, sony announce 10,000 lay offs, Yahoo cutting 15% of staff, banks slashing to hell, if the big companies are slashing to ribbons then you can be guaranteed, the small companies cannot afford the staff either and its only going to get worse.


6 posted on 04/12/2012 5:59:57 AM PDT by sunmars
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To: sunmars

——the labor market recovery was stalling after...——

Recovery? RECOVERY? Are you bleepin’ kidding me!


7 posted on 04/12/2012 6:00:16 AM PDT by St_Thomas_Aquinas (Viva Christo Rey!)
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To: sunmars

I never saw that coming.
It was unexpected.


8 posted on 04/12/2012 6:00:29 AM PDT by kinsman redeemer (The real enemy seeks to devour what is good.)
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To: Perdogg
Excellent idea! Finally, a way hussein and his cohorts in crime can actually stimulate the economy. (obviously an accident, they'd never do this intentionally) Every time he or one of his evil minions utters an idiotic statement we all get a sip of our favorite libation.

unexpectedly - drink
let me be clear - drink
um, ah - drink
anything regarding the Chevy Volt - drink
anything regarding Israel - drink
anything regarding border security - drink
anything regarding unions - drink (maybe a double)
anything regarding his alleged successes - drink (down the remainder)
anytime you see one of those idiotic anti-oil campaign ads of his - drink

You get the idea. I'm sure in no time we can stimulate the alcohol industry, and by extension the makers of asprin and/or ibuprofin. ;-)

9 posted on 04/12/2012 6:01:30 AM PDT by ThunderSleeps (Stop obama now! Stop the hussein - insane agenda!)
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To: SouthTexas

I guess that’s why the picture of Obama and the Easter Bunny looked funny...Obama was scowling at him....he musta knowd the Bunny was up to no good....hahahahahahaha


10 posted on 04/12/2012 6:01:32 AM PDT by Gaffer
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To: Gaffer

Naw, hussein was scowling at him ‘cause he just realized the Easter Bunny was going to be unemployed for another year after just one day of work, and thus back on the rolls, hurting the percentages. ;-)


11 posted on 04/12/2012 6:03:33 AM PDT by ThunderSleeps (Stop obama now! Stop the hussein - insane agenda!)
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To: sunmars

Their revisions are fairly large every week now it seems. Their lies are catching up with them.


12 posted on 04/12/2012 6:04:09 AM PDT by John W (Viva Cristo Rey!)
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To: ThunderSleeps

Four dollar gas is about to cut you off at the knees, Barry.
Whether you care to admit that or not.

Be sure to thank the Sierra Club on your way out of the White House in January.


13 posted on 04/12/2012 6:05:09 AM PDT by Buckeye McFrog
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To: sunmars

You reap what you sow, and the more Obama threatens the top 1%, the more chips they take off the table. Unemployment will continue to spiral out of control until the Moron-in Chief is removed from office.


14 posted on 04/12/2012 6:05:15 AM PDT by Kahuna
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To: sunmars
Last week, someone posted an article that stated there were 56 upward revisions during the past 57 weeks.

It's now 57 of 58...I'd call that a "trend".

15 posted on 04/12/2012 6:06:37 AM PDT by Night Hides Not (My dream ticket for 2012 is John Galt & Dagny Taggart!)
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To: Gaffer

that was a cracker bunny - white, with blue eyes and blonde hair, no less

And he dint give a fair share of his eggs to everyone after everyone knows that oppressed peoples gathered those eggs


16 posted on 04/12/2012 6:08:21 AM PDT by silverleaf (Funny how all the people who are for abortion are already born)
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To: Buckeye McFrog

You’re right. Americans love to drive, period. All the GOP candidate has to do is remind people what the price of a gallon of gas was when hussein took office. Then remind them of drilling moratoriums, EPA regs, Keystone pipeline, green energy scandals... So long hussein.


17 posted on 04/12/2012 6:09:30 AM PDT by ThunderSleeps (Stop obama now! Stop the hussein - insane agenda!)
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To: ThunderSleeps; silverleaf

Naw....silverleaf is right...it was a cracker-Bunny....white with blue eyes....Holder’s Panthers hate white blue-eyed bunnies....


18 posted on 04/12/2012 6:10:53 AM PDT by Gaffer
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To: ilgipper

Now, 2012 is settling in, and the economy is still on life support. Hiring is slowing and some companies are now letting people go again as the numbers look worse than expected.


I expect that the big multinationals are moving more jobs and positions out of the country for many reasons I imagine, the biggest is to shield the companies assets away from confiscatory taxation they see coming down the pike at them.

On the other hand the Book “The Hunger Games” is beginning to look more and more prophetic as the days go by under this Regime.


19 posted on 04/12/2012 6:15:26 AM PDT by The Working Man
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To: sunmars
How many times does something have to happen before it is no longer unexpected? The economic prognosticators in this administration are an exceptionally slow-witted bunch.
20 posted on 04/12/2012 6:16:36 AM PDT by JPG (Hold on tight; rough road ahead.)
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To: sunmars

But ZERO will crow about the next Unememployment rate release which will show another drop to 8.1% and the media will hail the great turnaround continues

BARF


21 posted on 04/12/2012 6:16:55 AM PDT by hillarynot (I play in Peoria)
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To: sunmars

And the revision is always up.


22 posted on 04/12/2012 6:17:17 AM PDT by School of Rational Thought (Fun for women ages 21 through 35)
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To: kinsman redeemer
Lt. Warden: "Yes, there's always the unexpected, isn't there?"
The Bridge on the River Qwai
23 posted on 04/12/2012 6:20:27 AM PDT by Noumenon ("I tell you, gentlemen, we have a problem on our hands." Col. Nicholson-The Bridge on the River Qwai)
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To: ThunderSleeps
Every time he or one of his evil minions utters an idiotic statement we all get a sip of our favorite libation.

I like the idea, but we wouldn't survive a week.

24 posted on 04/12/2012 6:25:18 AM PDT by mykroar (Please be aware any /sarc tag is for the lurkers, not the Freepers.)
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To: sunmars
With the choice now narrowed down to being between a slimy Massachusetts liberal or an incompetent Chicago Marxist, employers have little optimism.
25 posted on 04/12/2012 6:27:48 AM PDT by Proud2BeRight
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To: sunmars

Last weeks got revised up 10,000. So how much will this weeks 380,000 be revised up next week?


26 posted on 04/12/2012 6:28:58 AM PDT by Old Retired Army Guy
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To: ThunderSleeps
POST 9

You get the idea. I'm sure in no time we can stimulate the alcohol industry, and by extension the makers of asprin and/or ibuprofin. ;-)

Arn't the "alcohol industry" and the "cosmetic or perfume industry" that have increased business in recession times? IIRC

27 posted on 04/12/2012 6:30:11 AM PDT by Freeper (Obama - Please STOP representing MY country!)
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To: sunmars

28 posted on 04/12/2012 6:31:11 AM PDT by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: sunmars
The prior week's figure was revised up

How many times, in the last 4 years, has the figure ever been "revised down"?

The weekly underestimating continues to be laughable -- but they continue to get away with it.
29 posted on 04/12/2012 6:32:01 AM PDT by TomGuy
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To: ThunderSleeps

Not to mention our entire summer economy is based on hitting the road for the family vacation. Very little of that happening this summer, hence no seasonal hiring.

These numbers will start looking really bad in June and July.


30 posted on 04/12/2012 6:32:24 AM PDT by Buckeye McFrog
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To: sunmars

My sense is that buying had died for a bit, that consumers had paid down credit cards and loans, and that they had had a period of purchasing before and after Christmas that led to a demand that required some extra workers.

They have now done their spending so it’s slowing down and retailers and manufacturers are sensing that.

Additionally, higher gas prices have again siphoned off discretionary cash, so that has also softened any demand for other items. The oil sheiks get rich again in another of the installments of price hikes promised by the bowing to mecca obama. (These opec manipulators of prices will again ratchet up supply prior to election day to make him look good.)

The next recession will be intentional, and it will be programmed to hit end of the year is my sense.


31 posted on 04/12/2012 6:33:08 AM PDT by xzins (Retired Army Chaplain and Proud of It! Pray Continued Victory for our Troops Still in Afghan!)
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To: Gaffer

They actually tried that excuse on CNBC market report this morning.


32 posted on 04/12/2012 6:41:17 AM PDT by SouthTexas (You cannot bargain with the devil, shut the government down.)
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To: sunmars

Bush’s fault.


33 posted on 04/12/2012 6:44:35 AM PDT by Upstate NY Guy
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To: sunmars

Anyone have a chart of the number of people dropping out of the labor force because they can’t find work?


34 posted on 04/12/2012 6:54:44 AM PDT by Loyal Buckeye
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To: sunmars

Hey, I was in a McDonald’s (sorry, wife had to use their facilities) and they have a sign up....hiring...so the economy is on the way up....yeah, that’s it, more McDonald’s jobs....that’ll do the trick...”unexpectedly” my rear..


35 posted on 04/12/2012 6:58:39 AM PDT by jennings2004 (President Hayes, Mount Rushmore, telephone, Dear Leader...what a mix!)
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To: sunmars

Hey, I was in a McDonald’s (sorry, wife had to use their facilities) and they have a sign up....hiring...so the economy is on the way up....yeah, that’s it, more McDonald’s jobs....that’ll do the trick...”unexpectedly” my rear..


36 posted on 04/12/2012 6:59:43 AM PDT by jennings2004 (President Hayes, Mount Rushmore, telephone, Dear Leader...what a mix!)
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To: ThunderSleeps
...

anything blaming Bush - drink

anything blaming Republicans - drink

anything blaming whites - drink

37 posted on 04/12/2012 7:01:07 AM PDT by eCSMaster (Conservative patriots, Rise up!)
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To: sunmars

upward revisions now 53 of 54 last weeks?


38 posted on 04/12/2012 7:04:06 AM PDT by Principled
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To: sunmars
I demand to know what they expect before hand.
Then maybe I will be surprised at the outcome.
39 posted on 04/12/2012 7:09:29 AM PDT by MaxMax
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To: ThunderSleeps

Yeah, but I’m not sure Hubby is gonna like me being passed out drunk every single day by the time he gets home for lunch. :-/


40 posted on 04/12/2012 7:09:32 AM PDT by nodumbblonde ("The ladder of success is best climbed by stepping on the rungs of opportunity." - Ayn Rand)
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To: Sooth2222

And the state-run media!


41 posted on 04/12/2012 7:12:04 AM PDT by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: xzins

“The next recession will be intentional, and it will be programmed to hit end of the year is my sense.”

TAXNEGEDDON is coming in January 2013.
The Obamacare taxes kick in in full force, and the Bush tax cuts expire.

Business knows what is coming, but the non-Fox media refuses to even mention it, for fear of being branded racist.


42 posted on 04/12/2012 7:24:28 AM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: Principled
upward revisions now 53 of 54 last weeks?

Does anyone have a chart showing the announced no's vs the revised (up/down) no's?

43 posted on 04/12/2012 7:35:38 AM PDT by dearolddad
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To: Upstate NY Guy
Bush's fault.

Yep! Watch the next "blame the lousy economy on..." poll to show 60% blame Bush.

44 posted on 04/12/2012 7:36:16 AM PDT by ScottinVA (A single drop of American blood for muslims is one drop too many!)
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To: sunmars
The prior week's figure was revised up to 367,000 from the previously reported 357,000.

what's that now ? revised 58 out of the last 59 weeks ? keep hiding the worse news in the revision...
45 posted on 04/12/2012 7:46:34 AM PDT by stylin19a
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To: Buckeye McFrog

No they won’t. The msm will just make up their own numbers.


46 posted on 04/12/2012 7:58:05 AM PDT by richardtavor
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To: sunmars

UNEXPECTEDLY!

Wow, imagine that.


47 posted on 04/12/2012 7:59:28 AM PDT by exit82 (Democrats are the enemies of freedom. Be Andrew Breitbart.)
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To: Night Hides Not

I’ve been keeping track of these releases for some time on a spreadsheet. As of the moment, the statistical probability of 57 of 58 jobless claim releases being revised upward (assuming an equal chance for an upward or downward revision each time) is ...wait for it... 0.0000000000000201228%. Coincidence, I’m sure.


48 posted on 04/12/2012 8:06:49 AM PDT by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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To: ilgipper
After a while, the books have to be taken out of the oven .. you can cook them only so long.

Then you blame the stove, the oven, the oven manufacturer, etc.

49 posted on 04/12/2012 8:09:57 AM PDT by knarf (I say things that are true ... I have no proof ... but they're true)
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To: sunmars
Jobless claims unexpectedly rise last week (up to 380,000)


50 posted on 04/12/2012 8:29:02 AM PDT by massmike (Massachusetts: If they had just kept hanging witches a bit longer...........)
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