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UNEXPECTED! Weekly Jobless Claims Rise More Than Expected

Home - by - February 21, 2013 - 15:06 America/New_York - 8 Comments

FOX BUSINESS

The number of Americans filing new claims for unemployment benefits rose more  than expected last week, but still remained at levels consistent with a steady  improvement in labor market conditions.

Initial claims for state unemployment benefits increased 20,000 to a  seasonally adjusted 362,000, the Labor Department said on Thursday. The prior  week’s claims figure was revised to show 1,000 more applications received than  previously reported.

Economists polled by Reuters had expected first-time applications to rise to  355,000. The increase in claims last week pushed them toward the upper end of  their range for this year.

A blizzard that hit the East Coast late in the first week of February could  have exaggerated the drop in claims for the week ended Feb. 9.

A Labor Department analyst said claims for California and Virginia had been  estimated, as well as figures for Hawaii and the District of Columbia.

Last week’s data covered the survey period for the February nonfarm payrolls  report. Claims were up 27,000 between the January and February survey  periods.

MORE  http://www.foxbusiness.com/economy/2013/02/21/weekly-jobless-claims-rise-more-than-expected/

» 8 Comments

  1. Diann

    February 21st, 2013

    I’d take a moment to be utterly shocked, but I’m kind of busy trying to find a job.

    Thumb up +6

     
  2. Stranded in Sonoma

    February 21st, 2013

    @Diann — Right there with ya, babe.

    Thumb up +3

     
  3. old_oaks

    February 21st, 2013

    With all the “good news” the past 2-3 months since Dear Leader was re-hailed, this comes TOTALLY EXPECTED and it is going TO GET WORSE!

    Thumb up +4

     
  4. Mr.Gates

    February 21st, 2013

    Ummm… the economy is contracting! OF COURSE there’s going to be fewer jobs. That’s what we can expect. Why do those dummies always act surprised when the obvious happens?… guess I answered my own question.

    Thumb up +4

     
  5. ΜΟΛΩΝ ΛΑΒΕ

    February 21st, 2013

    See kiddies? That’s the lesson for today. The more people that loose their job, the better the economy is!

    Besides, it’s Bush’s fault.

    Thumb up +2

     
  6. Stranded in Sonoma

    February 21st, 2013

    I believe it was someone who commented here that the unemployment rate would be:

    Sept 2012 — 8%
    Oct 2012 — 3%
    Nov 2012 — 11%

    Whoever it was had the decrease/increase correct, just in time for the election. Now we’re starting to see the real-world effects of ObamaTax. There are jobs out there. The only problem is that are 250-500 applicants for each one.

    Thumb up +2

     
  7. Whom

    February 21st, 2013

    Well golly gee- knock me over with a feather!

    And this time it wasn’t those darn eco-headwinds, it was REAL northerly headwinds apparently! Darn blizzard happened in Winter, but only because of global warming, err I mean climate change of course.

    Thumb up +2

     
  8. Whom

    February 22nd, 2013

    Our company is about to dump another 10% sigh. At least among the North America staff that is. This after just doing same already a few months back.

    Thumb up +1