Initial Jobless Claims in U.S. Unexpectedly Increased Last Week

[marmar]

(Bloomberg) U.S. initial jobless claims unexpectedly rose last week, a sign that the labor market is struggling to gain traction.

Jobless claims increased by 1,000 to 427,000 in the week ended June 4, Labor Department figures showed today in Washington. Economists surveyed by Bloomberg News projected a drop in claims to 419,000, according to the median forecast. The number of people on unemployment benefit rolls and those receiving extended payments decreased.

Some employers are cutting staff as demand slows because of elevated energy prices, falling house prices and tight credit. The economy generated the fewest jobs in May in eight months and the unemployment rate rose, a report showed last week.

“The labor market is obviously struggling,” Michael Feroli, chief U.S. economist at JPMorgan Chase & Co. in New York, said before the report. “I expect claims to stabilize and eventually come down.” ................(more)

The complete piece is at: http://www.bloomberg.com/news/2011-06-09/initial-jobless-claims-in-u-s-unexpectedly-climbed-last-week-to-427-000.html

[dixiegrrrrl]

1. Well, OF COURSE "unemployed" NUMBER decreased.

Not the AMOUNT of unemployed, just the number, because the damn government does not count people who are not collecting unemployment, and that runs out for SOME people every week, over time.

When they publish these made up figures, do they honestly think people don't get the truth behind them???

[Donnachaidh]

2. say something long enough and loud enough

"“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”" J. Goebbels...

[pinqy]

7. Pay attention to what's being discussed

The article, the report was on Initial Unemployment claims and it went up. Of course a report on UI claims only talks about people receiving benefits.

If you're talking about the actual unemployment level and rate, released last week, the number of unemployed also went up. But in any case, the official Unemployment level and rate counts EVERYONE (estimated from a sample survey) and receiving benefits has NEVER been part of the definition of unemployed.

[OHdem10]

3. How about all the layoffs at State Level an d Municipalites ;

Teachers, Police, Firefighters and all levels
of Gov't workers.

[OHdem10]

4. Cut Cut Cut= Layoffs, Layoffs Layoffs.

[alc]

5. "Unexpectedly" again?

Whoever they have doing the "expecting" needs to be replaced?

[WatsonT]

6. Sun unexpectedly rose in the east this morning

Experts are baffled.