Another ‘Unexpected’ Jump in Jobless Claims


Reuters changed the wording slightly. This week the headline is “Jobless claims rise above expectations.”

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Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 418,000, the Labor Department said.

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Economists polled by Reuters had forecast claims rising to 410,000. The prior week’s figure was revised up to 408,000 from the previously reported 405,000.

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It’s the 15th straight week with more than 400,000 new unemployment claims.

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Let’s not forget that after the passage of Obamacare private sector job creation took a nose dive. Between that and all of the regulations this administration is putting out there, these rotten employment numbers shouldn’t be unexpected to anyone.

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Update: Conservative Hideout linked – thanks!

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