Skip to comments.Weekly Jobless Claims Rise More than Expected by 16,000
Posted on 04/03/2014 6:46:20 AM PDT by SeekAndFind
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. Claims for the week ended March 22 were revised to show 1,000 fewer applications received than previously reported.
Economists polled by Reuters had forecast first-time applications for jobless benefits 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, nudged up 250 to 319,500. This indicates a firmer bias in the labor market.
A Labor Department analyst said no states were estimated and there were no special factors influencing the state level data.
The government made revisions to the model it uses to smooth the claims data for seasonal fluctuations. It also revised claims data going back to 2009.
(Excerpt) Read more at foxbusiness.com ...
It’s fun with Thursday job numbers once again...
Even Fox repeats verbatim what the big state controlled news outlets print.
Another rise in the numbers. Time for Barry and his lap dancing comrades in his “media” to do another “victory lap” in the Rose Garden.
LOL, we should post that every Thursday.
BUT, the big number comes tomorrow morning — UNEMPLOYMENT RATE FOR THE MONTH OF MARCH 2014...
Pelosi said yesterday that Dems would focus now on jobs.What have they been doing about jobs for the past 5 years?
Wait until after the elections when the 7.1 million healthcare enrollees is revised downwards.
You know it will inch down some more. With all these new jobs being created I’m sure we can expect to see it at least no higher than 5.0% right before the November elections.
it seems that once something becomes unexpected more than 50% of the time, that it becomes totally irrelevant considering what those so-called experts are expecting in any case. You’ll be much better off making your predictions by the flip of a coin, or predicting the exact opposite of what you think.
RE: Im sure we can expect to see it at least no higher than 5.0% right before the November elections.
5.0% is the number by which anyone who really wants a job can find it. You think we’ll achieve that come Nov. 2014?
Defending 0 bummer's sorry record and trying to tell the voters that democrap care is working. She again claimed this week that the unaffordable health care will add 40 million jobs.
All they have to do is SAY that ocare has added 40 million billion trillion jobs,
and no one in the media will investigate
and if anyone disputes the claim, the media will stifle them.
Well it has added a lot of jobs but only by using Clintonian parsing of the language.
Yes, companies have hired a lot of part timers to take up the slack for the regular employees they have converted to part time to avoid Obamacare.
You can bet the LIV will believe everything the SRM reports on a daily basis.
You think well achieve that come Nov. 2014?”
Depends on whose numbers and formula are used. BO’s method will get it down to 5.0% and the MSM will report it like the good little soldiers they are. There is no way we will see the correct number reported which IMO is way of 10%.
I don’t think we will ever see unemployment at a true 5% again, at least in my lifetime. Too many jobs gone and won’t ever return. We are creating a generation of people who enjoy government handouts rather than learning to enjoy the fruits of their labor.
These numbers are whatever they want them to be. Every time the interest rates on treasury’s start to rise then they have a weak job report. And the interest rate was rising all week. Until now.