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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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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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