Posted on 04/03/2014 6:35:16 AM PDT by John W
(Reuters) - The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the underlying trend continued to point to some strength in the labor market.
Initial claims for state unemployment benefits increased 16,000 to a seasonally adjusted 326,000, the Labor Department said on Thursday. Economists had forecast first-time filings for jobless aid rising to 317,000 in the week ended March 29.
The four-week moving average for new claims, considered a better measure of underlying labor market conditions as it irons out week-to-week volatility, hovered near six-month lows, indicating a firmer bias in the labor market.
In a separate report, the Commerce Department said the trade gap increased 7.7 percent to $42.3 billion in February, the largest since September last year, as exports fell to their lowest level in five months.
January's shortfall was revised to $39.3 billion from a previously reported $39.1 billion.
(Excerpt) Read more at reuters.com ...
Obama will still pump up new hires to 200,001 tomorrow.
“””” more than expected last week”””””””””
DRINK!!!!!!!!!!
When, if ever, have they gotten what they expected?............
DRINK
Should be good for a 1% rise in the S&P.
Its astounding how co-opted the news media has become.
I do not think enough appreciate the danger they have put all of us in with their willing collusion with the State.
Since the 2008 crash the economy has been at a standstill. This announcement is more of the same.
Had Obama not delayed the full implementation of Obamacare on business until after the 2014 elections, the economy would be experiencing a sharp decline as we speak. Businesses would be laying off workers or converting full time employees to part time at an even higher rate than today. Plus they would have passed the full amount of higher health care premiums to their employees, unlike the past where business shared the costs. Employees (consumers) would be reeling from the healthcare insurance premium hikes and would be pulling in discretionary spending. The rate of retail consolidations and bankruptcies would also be accelerating.
I suspect now Warren Buffett and the CEO’s of Wall Street banks must have gotten to Jarrett, Reid and Pelosi warning them that if the burden of O’care was applied to business in early 2014, the economy would be in free fall by election day 2014 and the elections would be a bloodbath.
Raise the import tariffs, and put Americans back to work.
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