As expected, Reuters reports yesterday that the latest rise in jobless claims is “unexpected.”
The number of Americans filing new claims for unemployment aid unexpectedly edged higher last week, stoking fears of a stalled economic recovery even as a separate report showed record exports in April.
Initial claims for state jobless benefits increased 1,000 to 427,000, the Labor Department said. However, economists polled by Reuters had forecast claims dropping to 415,000 from a previously reported count of 422,000.
There are none so blind as those who will not see bad news during a Democrat administration.
That’s in the bible, you know.
Source: Reuters
