Skip to comments.Treading Water: Jobless Claims Unchanged Last Week
Posted on 08/30/2012 6:01:44 AM PDT by mykroar
The number of Americans filing new claims for jobless benefits was unchanged last week, pointing to a labor market that was treading water.
Initial claims for state unemployment benefits were a seasonally adjusted 374,000, the Labor Department said on Thursday. The prior week's figure was revised up to show 2,000 more applications than previously reported.
Economists polled by Reuters had forecast claims dipping to 370,000 last week. The four-week moving average for new claims, a better measure of labor market trends, rose 1,500 to 370,250.
(Excerpt) Read more at foxbusiness.com ...
“The only thing not unexpected is the prior week adjustment.”
Exactly, and if there were a Republican president they would have made the comparison with last weeks ‘unrevised’ numbers and said that there was an increase of 2000 in the number of unemployment claims.
obamma says we are in a recovery. huh?
The Dem convention will end next Thurs nite and then early next Friday morning the August unemployment number comes out...he, he, heeeee...