Jobless Claims Up--Forecasters Had Expected Decline

Discussion in 'News / Current Events' started by InTheLight, Apr 12, 2012.

  1. InTheLight

    InTheLight
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    Mainstream media can't hide it anymore. After last weeks news that the nation had created only 120,000 new jobs there is this news:

    In another setback for the job market, new unemployment claims unexpectedly jumped last week to the highest level since late January.

    The Labor Department's weekly report Thursday showed 380,000 new filings for jobless benefits last week, up 13,000 from the prior week. Most analysts were looking for a decline.

    While the latest uptick may have been affected by the Easter holiday, it was the second straight week of increased filings. And the less-volatile, four-week moving average in initial jobless claims also bounced higher, to 368,500 -- up 4,250.

    The increase in jobless claims suggests a pickup in layoffs, and it comes after the disappointing jobs report for March in which the economy added a modest 120,000 new jobs, barely enough to keep pace with the labor force population growth.


    http://www.latimes.com/business/money/la-fi-mo-jobless-claims-20120412,0,6019022.story
     
  2. targus

    targus
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    Seriously...

    What lay offs would be attributable to Easter?

    The bunny rabbit got laid off?

    And seriously, did anyone really expect the unemployment to go down?

    Unemployment is far worse than the "experts" have been admitting and it is getting too bad for them to be able to continue to cover up with spin.
     
  3. JeepDawg

    JeepDawg
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    Way back when I was a wee bit younger & worked in a factory, we got a week off for Christmas and one for the 4th of July. These were unpaid "vacations" and we could file for unemployment for those weeks. Maybe some factories still do that? For Easter break? Possibly?

    One trip to the gas pump or the grocery store is all you need to see that the economy is going further and further down. Any one who says any different may be delusional.
     

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