Two weeks ago, unemployment numbers were released supposedly showing a jobs recovery, leading the New York Times and others to cheer how we had turned the corner. Steve Benen at Washington Monthly declared that this was a “breakthrough month” (rah-rah).
As I discussed at the time, even the NY Times had to admit (several paragraphs into its article) that the numbers were skewed by census temporary hiring and weather-related changes.
Not surprisingly, the numbers just released show that unemployment claims “unexpectedly” rose again:
New weekly jobless claims unexpectedly rose by 24,000 to 484,000 last week, the government said this morning, increasing worries that high unemployment will stick around for a long time.
Forecasters had expected the new jobless claims number to come in at 430,000.
The four-week moving average, which smooths out volatility in the number, rose by 7,500 last week to 457,750.
Continuing claims rose from 4.57 million to 4.64 million.
Not so rah-rah.
——————————————–
Related Posts:
Media Still In The Tank For Obama, Big Time
Follow me on Twitter and Facebook
DONATE
Donations tax deductible
to the full extent allowed by law.
Comments
this recovery featuring increasing unemployment is unprecedented! only Obama could accomplish such a miracle…. all hail Ear Leader!
They keep using the word "unexpectedly". I do not think it means what they think it means.