More Americans unexpectedly filed applications for unemployment benefits last week, showing firings remain elevated even as employment climbs.
Some companies are trimming payrolls to boost or maintain profits, even as employers have added jobs each month this year. Unemployment may take time to recede as more jobseekers enter the workforce and fail to find work.
“Claims remain uncomfortably high,” Aaron Smith, a senior economist at Moody’s Economy.com in West Chester, Pennsylvania, said before the report. “The improvement in continuing claims has slowed noticeably.”
Applications were projected to drop to 440,000 from 444,000 initially reported for the prior week, according to the median forecast of 44 economists in a Bloomberg survey. Estimates ranged from 425,000 to 448,000. The Labor Department revised the prior week’s figure up to 446,000.
There were no special factors behind the jump in claims last week, a Labor Department spokesman said.
The four-week moving average, a less volatile measure than the weekly figures, climbed to 453,500 last week from 450,500, today’s report showed.
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3 comments:
youll notice the government run media will front-page report as everything is peachy! jobless claims are down! then on page 8 tucked somewhere in the next days edition theres a correction saying jobless claims are up. when will they start blaming the administration for this crap?
9:23
You don't understand. The Administration works for the same people who own the media. Dont' you get it yet?
The Administration is a puppet, a figure-head. The U.S. President is totally controlled. Preferrably the person "chosen" (not elected) should be an embicile. An idiot. Or an actor. The person should also be extremely compromised - so proper control can be maintained over the person. JFK was an example of a person chosen, but then, he obviously thought he held some sort of power. So did his brother. Since then, the U.S. President has been more carefully selected to be a front person for the criminal Zionist Banking Cabal.
Little Jimmie, Ronnie, Gerogie-boy, Billy, Dubya-Georgie-boy, and now Barry.
We are watching a drama, a play, a scripted excercise in mind control.
Wake up from your slumber and see the reality which is our nightmare.
Why would this be unexpected when our muslim liar in chief is doing everything possible to shut the economy down? It's only going to get worse by design.
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