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Treading Water: Jobless Claims Unchanged Last Week
FoxBusiness.com ^ | 8/30/2012 | Reuters

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 ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: jobless; jobs; labor; unemployment
The only thing not unexpected is the prior week adjustment.
1 posted on 08/30/2012 6:01:54 AM PDT by mykroar
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To: mykroar

“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.


2 posted on 08/30/2012 6:08:38 AM PDT by pieceofthepuzzle
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To: mykroar
The unemployment rate, which ticked up to 8.3 percent in July, has been stuck above 8 percent for more than three years, the first time this has happened since the Great Depression.

obamma says we are in a recovery. huh?

3 posted on 08/30/2012 6:09:08 AM PDT by rawhide
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To: mykroar

The Dem convention will end next Thurs nite and then early next Friday morning the August unemployment number comes out...he, he, heeeee...


4 posted on 08/30/2012 6:12:42 AM PDT by ReaganÜberAlles
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