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 ...
Add 40 million jobs?She needs to put the pipe down.
Someone who’s not been following this would have a hard time knowing that this is actually 326,000 new people filing for unemployment. They’d think there was only an increase of 16,000 for a total of 326,000 unemployed people.
They also wouldn’t know that the increase is actually more because this number will be revised up.
“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.”
“Underlying strength, yeah, that’s the ticket!”
I think Rush played the clip yesterday or day before. She should be ashamed of her lies, but the SRM will never dare challenge her on her claims.
More than expected
Less than expected
More than expected
Less than expected
He’s my father
He’s my brother
He’s my father
They need a different word.
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