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Keyword: unexpected

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  • Breaking: 250,000 jobs created in October versus 200,000 expected (vanity)

    11/02/2018 5:35:42 AM PDT · by God luvs America · 22 replies
    11/2/2018 | Me
    unemployment remains the same but: wages growth increasing at 3.1% annually U6 at 7% i did not hear the job participation rate...
  • US industrial production climbed 0.3 percent in September

    10/16/2018 8:53:28 AM PDT · by Olog-hai · 3 replies
    Associated Press ^ | October 16, 2018 | Paul Wiseman
    U.S. industry expanded again in September despite the impact of Hurricane Florence. The Federal Reserve said Tuesday that industrial production, which includes output at factories, mines and utilities, rose 0.3 percent last month. It was the fourth straight increase. The Fed said that Florence reduced September output growth by less than 0.1 percentage points. Over the past year, industrial production rose 5.1 percent. The increase was slightly higher than economists had expected and offered more evidence that the U.S. economy is in good health. Overall economic growth reached 4.2 percent from April through June, fastest in nearly four years. The...
  • Jobless Claims Unexpectedly Plunge to New Post-1969 Record

    09/06/2018 7:49:30 AM PDT · by markomalley · 47 replies
    Big Government ^ | 9-6-18 | John Carney
    Jobless claims fell last week even further to a new post-1969 record of 203,000. This is the lowest level for initial claims for state unemployment benefits since December 6, 1969 when it was 202,000.
  • Dick’s Sporting Goods Sales Sink After New Gun Policy

    03/23/2018 7:30:16 AM PDT · by Behind Liberal Lines · 74 replies
    NATIONAL REVIEW ^ | March 22, 2018 8:24 AM | By MAIREAD MCARDLE
    Dick’s Sporting Goods has suffered a surprisingly steep downturn in sales since promising to sell fewer guns, but the problem isn’t the gun sales, Fortune says. Stock tumbled to the lowest in four months after the sports store banned assault-style weapons from its Field & Stream stores and raised the minimum age for a customer to buy a firearm from 18 to 21.... “There’s going to be some pushback and we expected that,” said CEO Edward Stack, in an earnings call with Wall Street analysts, according to CNN. “There are going to be the people who don’t shop us anymore...
  • Flu Season Getting Worse, As Illness Has 'Lot More Steam' Than Expected

    01/21/2018 4:27:01 PM PST · by blam · 103 replies
    Fox News ^ | 1-21-2018 | Travis Fedschun
    The flu season that's already been the worst in nearly a decade is showing no signs of slowing down anytime soon, according to the latest report released Friday from the nation's health protection agency. The Centers for Disease Control and Prevention said the flu that is blanketing every state except Hawaii is growing more intense and deadly. So far this season, the flu has claimed the lives of at least 30 children, according to the latest CDC report. "The peak of flu season is in February, so we have about a month for things to get worse," Dr. Manny Alvarez,...
  • ObamaCare's Popularity Is A Myth — Enrollee Satisfaction Craters To 22% As Exchanges Collapse

    03/03/2017 4:10:17 AM PST · by IBD editorial writer · 13 replies
    Investor's Business Daily ^ | 3/2/2017 | Staff
    Health Reform: The need for an overhaul of ObamaCare just got more acute, as a new survey shows that satisfaction rates among those enrolled in ObamaCare plans has taken a steep nose-dive this year amid premium hikes and reduced choices. The new coverage of ObamaCare these days has been all about protests against repeal and the alleged increase in public support for the law. But a survey of actual ObamaCare customers released this week paints an entirely different picture. It found that just 22% of the 44,200 ObamaCare enrollees polled rate their health plan as good to excellent. That's down...
  • Union: Baltimore City Police in ‘Crisis’ Due to Officer Shortage

    01/06/2017 8:42:59 AM PST · by george76 · 60 replies
    WJZ ^ | January 5, 2017 | Mike Hellgren
    Baltimore City’s Police Union is sounding the alarm because they say the department is in crisis due to the fact that it has too few officers. According to a new report, there are more than 100 fewer Baltimore City PD officers than last year, with the union saying this poses a safety concern as officers are being overworked. The police union president calls the situation “dire.” ... You don’t have enough police officers to patrol the streets safely protecting themselves, much less protecting the citizens of Baltimore,” said Lt. Ryan. Baltimore ended last year with the second highest number of...
  • Unemployment rate tumbles to 4.6%, lowest since August 2007 [#fakenews]

    12/02/2016 7:26:58 AM PST · by Olog-hai · 33 replies
    Yahoo Finance ^ | 12/02/2016 | Sam Ro
    In a stunning development, the Bureau of Labor Statistics just revealed that the US unemployment rate unexpectedly dropped to 4.6% in November. This is the lowest level since August 2007. Economists were expecting the rate to be unchanged from October’s 4.9%. “The trend in employment growth remains more than strong enough to keep the unemployment rate trending down,” Jim O’Sullivan, of High Frequency Economics, said. Some of this decline was due to the 446,000 Americans that dropped out of the labor force, which brought the labor force participation rate down to 62.7% during the month from 62.8% a month ago....
  • Black Lives Matter leader DeRay McKesson endorses Clinton

    10/26/2016 1:40:29 PM PDT · by 2ndDivisionVet · 31 replies
    Top Black Lives Matter activist DeRay McKesson on Wednesday endorsed Hillary Clinton for president. "Clinton’s platform on racial justice is strong: It is informed by the policy failings of the past and is a vision for where we need to go," McKesson wrote in a Washington Post op-ed. Clinton hosted a meeting with McKesson and other Black Lives Matter activists in the fall to discuss the Campaign Zero plan to end police violence....
  • Colin Powell says he’s voting for Hillary Clinton

    10/25/2016 1:24:17 PM PDT · by jazusamo · 160 replies
    The Washington Times ^ | October 25, 2016 | Jessica Chasmar
    Former Secretary of State Colin Powell said Tuesday that he plans to cast a vote for Democratic presidential nominee Hillary Clinton. The retired four-star general, who served as secretary of state under Republican President George W. Bush, made the announcement at the Long Island Association’s fall luncheon.
  • Existing-Home Sales Unexpectedly Fall In August To 5.33 Million Rate

    09/22/2016 7:43:13 AM PDT · by BenLurkin · 14 replies
    investors.com ^ | 09/22/2016 | ed carson
    Existing-home sales for August an annual rate fell o.9% to 5.33 million units, the National Association of Realtors said Thursday, as the supply of existing homes for sales fell 10% vs. a year earlier. Economists had expected a rate of 5.44 million. Sales fell significantly in July to a revised 5.38 million, but from a recovery high. ... Tuesday, the Commerce Department reported August housing starts fell more than expected. But a day earlier, the National Association of Home Builders said its builder sentiment gauge soared in September to match an 11-year high. Meanwhile, the Federal Reserve's decision to leave...
  • "Tremendous Ripple Effects" - Retailers Demand Bailout After Hanjin Collapse Paralyzes Trade

    09/05/2016 2:00:06 PM PDT · by Lorianne · 30 replies
    Zero Hedge ^ | 02 September 2016 | Tyler Durden
    When we first reported about the imminent paralysis of an unknown number of global supply chains and a potential shock in worldwide trade as a result of the historic bankruptcy of Hanjing Shipping, one of the world's largest container shipping companies which handles 8% of Trans-Pacific trade volume for the US market, we concluded that "the global implications from the bankruptcy are unknown: if, as expected, the company's ships remain "frozen" and inaccessible for weeks if not months, the impact on global supply chains will be devastating, potentially resulting in a cascading waterfall effect, whose impact on global economies could...
  • Eurozone economy 'losing momentum' as Germany falters

    09/05/2016 6:03:31 AM PDT · by Olog-hai · 11 replies
    Associated Press ^ | Sep 5, 2016 5:29 AM EDT | Pan Pylas
    The 19-country eurozone lost some economic momentum in August, largely because of a slowdown in Germany, a closely watched survey showed Monday, days ahead of another possible stimulus package from the European Central Bank. Financial information company IHS Markit said its purchasing managers’ index — a broad gauge of economic activity — for the eurozone fell to a 19-month low of 52.9 points in August from 53.2 the previous month. The fall was unexpected as the initial estimate for August was 53.3. In spite of the fall, the eurozone is still growing, albeit sluggishly as anything above 50 indicates expansion....
  • US productivity unexpectedly drops for a third-straight quarter

    08/09/2016 6:15:33 AM PDT · by mykroar · 44 replies
    CNBC.com ^ | 8/9/2016 | Reuters
    U.S. nonfarm productivity unexpectedly fell in the second quarter, pointing to sustained weakness that could raise concerns about corporate profits and companies' ability to maintain their recent robust pace of hiring. The Labor Department said on Tuesday that productivity, which measures hourly output per worker, dropped at a 0.5 percent annual rate in the April-June period. It was the third consecutive quarterly decline. Productivity fell at an unrevised 0.6 percent rate in the first quarter. Economists polled by Reuters had forecast productivity rising at a 0.4 percent rate in the second quarter. Productivity decreased at a 0.4 percent rate compared...
  • CBO: Deficit larger than expected

    08/06/2016 6:58:37 PM PDT · by fluorescence · 15 replies
    The Washington Times ^ | Friday, August 5, 2016 | Stephen Dinan
    The federal government has sunk deeper into the red than analysts projected just five months ago, and is now poised to post a $590 billion shortfall this fiscal year, the Congressional Budget Office said Friday. That’s some $56 billion worse than the CBO had projected in March, and it comes as new spending far outpaces revenues. Both individual and corporate income tax revenue is down so far this year — though the reasons are not fully clear yet, analysts said. What is clear, though, is that government spending continues to rise, and when adjusted for the timing of payments is...
  • Double-digit ObamaCare premium hikes projected in 2017

    06/15/2016 4:15:45 PM PDT · by Olog-hai · 12 replies
    Fox News ^ | June 15, 2016 | (Joseph Weber/AP)
    Americans in markets across the country could be looking at double-digit premium hikes under ObamaCare next year, according to a new study that’s already fueling election-year finger-pointing. The Kaiser Family Foundation report found premiums for popular low-cost plans under the health care law are projected to increase an average 11 percent in 2017. Among the sharpest projected increases are: 26 percent in Portland, Ore.; 21 percent in the District of Columbia; and 16 percent in New York City. The study focused on the two least-expensive — and very popular — “silver” policies. It specifically examined the impact of rising premiums...
  • What Makes this Jobs Report so Truly Ugly

    06/04/2016 5:23:25 PM PDT · by Lorianne · 38 replies
    Wolf Street ^ | 03 June 2016 | Wolf Richter
    It would have been nice if we’d been correct to the minute, but we were two months early, and therefore wrong, when we wrote on March 30, If This Plays Out, Friday Will Get Ugly. But it did play out today. At the time, we suspected that the March jobs report, released in early April, would be a debacle. We based this on an analysis of the divergence over time between the reports issued by payroll processing company ADP and the jobs reports issued by the Bureau of Labor Statistics. That divergence had been going on for months. Eventually it...
  • Orders for U.S. Capital Goods Unexpectedly Fall for Third Month

    05/26/2016 5:57:58 AM PDT · by BenLurkin · 12 replies
    finance.yahoo.com ^ | 05/26/2016
    Some companies are paring investment plans as they assess the demand outlook in wake of weaker first-quarter growth and earnings, raising doubts about how quickly manufacturing can pull out of its slump. Global economies are struggling to improve, the oil industry has retrenched and factory customers are also bringing inventories more in line with sales. “There’s fragile sentiment when it comes to business investment,” said Thomas Costerg, a senior U.S. economist at Standard Chartered Bank in New York, who projected a decline in orders for business equipment. “The global growth picture is still unsettled. Corporate profits have softened as well....
  • Claims for jobless aid reach highest level since early 2015

    05/12/2016 6:34:19 AM PDT · by Olog-hai · 12 replies
    Associated Press ^ | May 12, 2016 9:26 AM EDT | Paul Wiseman
    The number of Americans applying for unemployment benefits rose last week to the highest level since February 2015, more sobering news for the labor market after a disappointing April jobs report. The Labor Department reported Thursday that applications for jobless aid rose by 20,000 to a seasonally adjusted 294,000. The four-week average, a less volatile measure, rose by 10,250 to 268,250, highest in nearly three months. […] “Today’s jobless claims report was a surprise, and not a positive one,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors. “Jobless claims have moved sharply higher in recent weeks, reinforcing...
  • US retail sales down 0.3% in March vs. 0.1% increase expected [drink]

    04/13/2016 5:43:09 AM PDT · by mykroar · 11 replies
    CNBC.com ^ | 4/13/2016 | Reuters
    U.S. retail sales unexpectedly fell in March as households cut back on purchases of automobiles, further evidence that economic growth stumbled in the first quarter.The Commerce Department said on Wednesday that retail sales declined 0.3 percent last month after being unchanged in February. Economists polled by Reuters had forecast retail sales edging up 0.1 percent last month. Retail sales excluding automobiles, gasoline, building materials and food services ticked up 0.1 percent last month after an upwardly revised 0.1 percent gain in February. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. Economists...