New claims for unemployment benefits unexpectedly rose last week, bouncing back above the key 400,000 level, while core producer prices climbed faster than expected in March, government reports showed on Thursday.Well, obviously it's now time to follow Obama's lead and quickly increase taxes on the rich. After all, they are responsible for creating a lot of jobs.
Initial claims for state unemployment benefits rose 27,000 to a seasonally adjusted 412,000, the Labor Department said.
Economists polled by Reuters had forecast claims slipping to 380,000.
The prior weeks figure was revised up to 385,000 from the previously reported 382,000.
Oh, wait a minute...
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1 comment:
Who are these fools who cannot make a trend line and or see a trend when it is in front of their faces? Unexpected, indeed. Sheeeesh!
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