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Tropical Storm Isaac boosts jobless claims
Reuters ^ | September 13, 2012 | Reuters

Posted on 09/13/2012 6:31:13 AM PDT by John W

(Reuters) - The number of Americans filing new claims for jobless benefits rose more than expected last week, with several states reporting an increase related to Tropical Storm Isaac.

Initial claims for state unemployment benefits rose 15,000 to a seasonally adjusted 382,000, the highest in two months, 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 rising to 370,000 last week.

A Labor Department official said Tropical Storm Isaac, which drenched parts of the country, accounted for about 9,000 of the claims filed last week. The number is unadjusted.

But even accounting for the storm, the report suggested little improvement in the labor market after job growth slowed sharply in August. The four-week moving average for new claims, a better measure of labor market trends, climbed 3,250 to 375,000, the highest since the middle of July.

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


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: jobless; obamanomics; recovery; unemployment; unexpected
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1 posted on 09/13/2012 6:31:18 AM PDT by John W
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To: John W
Who are they kidding? The numbers have consistently been between 350,000 and 400,000 for the past 3 years. Isaac? Really?
2 posted on 09/13/2012 6:35:18 AM PDT by jersey117
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To: John W

What a freakin joke. Anything to make excuses for this president’s abysmal performance. Next, Reuters will be blaming increases in unemployment on Romney’s statements.


3 posted on 09/13/2012 6:35:44 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: John W
Tropical Storm Isaac boosts jobless claims

For Obama's Dept. of Labor, any port in a storm.

4 posted on 09/13/2012 6:36:02 AM PDT by Palmetto Patriot (2010 All Over Again. Make it happen. Get Busy!)
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To: John W

This points out something I hadn’t thought about.

If they permit a person to file for unemployment payments over a storm, then the get to count that person as a “job created” when he comes back to his job.

IOW, really lenient requirements for applying for UE payments is a means of boosting jobs-created numbers.


5 posted on 09/13/2012 6:36:12 AM PDT by xzins (Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
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To: Opinionated Blowhard; Palmetto Patriot

see #5


6 posted on 09/13/2012 6:37:05 AM PDT by xzins (Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
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To: John W

I would think all the cleanup would create jobs.


7 posted on 09/13/2012 6:37:21 AM PDT by KansasGirl ("If you have a business, you didn't build that. Somebody else made that happen."--B. Hussein Obama)
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To: John W

Isaacs fault?


8 posted on 09/13/2012 6:38:49 AM PDT by EGPWS (Trust in God, question everyone else)
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To: John W
Bush's Isaac's fault.
9 posted on 09/13/2012 6:39:15 AM PDT by The Iceman Cometh (Proud Teabagging Barbarian Terrorist Hobbit Son-of-a-Bitch!)
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To: John W

Well, Issac had something to do with it. Also, with the start of football season, the NFL teams had to trim down their rosters, so that added some guys to the rolls... so there’s that.


10 posted on 09/13/2012 6:39:24 AM PDT by South Hawthorne (In Memory of my dear Friend Henry Lee II)
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To: John W

In a related item, the National Weather Service announces that for the remainder of the 2012 Hurricane Season, all named storms will be designated “George W. Bush”.


11 posted on 09/13/2012 6:39:30 AM PDT by Buckeye McFrog
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To: John W

3 year hurricane


12 posted on 09/13/2012 6:40:09 AM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: John W

Domestic Storm Obama boosts jobless claims


13 posted on 09/13/2012 6:41:43 AM PDT by Stosh
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To: John W

Storms, earthquakes, droughts, floods, volcanoes, wildfires, tsunamis........maybe God is trying to tell Obozo something...........


14 posted on 09/13/2012 6:43:44 AM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: John W

There’s an Isaac Bush?


15 posted on 09/13/2012 6:43:44 AM PDT by eCSMaster ('Nancy Pelosi is a DINGBAT.' - Gov. Sarah Palin)
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To: eCSMaster

Karl Rove’s weather Machine at work...........


16 posted on 09/13/2012 6:44:52 AM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: John W

Per the DOL website:

http://www.dol.gov/opa/media/press/eta/ui/current.htm

FL, NC, GA, PR had a Decrease of over 1,000...so it certainly didn’t hurt Florida or Puerto Rico. And to make Rueter’s claim even more ridiculous, it states that Puerto Rico’s DECREASE was BECAUSE of office closures due to Isaac. They had less claims, because the office wasn’t open all week!

The states with the largest Increase: Storm ravaged PA and NV.

They really are just making stuff up now.


17 posted on 09/13/2012 6:46:39 AM PDT by lacrew (Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
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To: John W

Reuters doing their level best to cover the “ONE”’s butt. Pathetic.


18 posted on 09/13/2012 6:49:54 AM PDT by mort56
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To: KansasGirl

The clean up costs will boost employment, but only when the insurance checks have been cut. It will take a little time for the local economy to pick up, but may show up in the crutial just before the election. Obama will be able to take credit for the bump.


19 posted on 09/13/2012 6:50:56 AM PDT by myprecious
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To: John W

Global Warming’s fault! /s


20 posted on 09/13/2012 6:52:54 AM PDT by mykroar (October race/religious riots bring November martial law. Voting postponed for your safety.)
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