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Karmadillo

(9,253 posts) Thu Apr 12, 2012, 07:47 AM Apr 2012

3

HUGE MISS: Initial Unemployment Claims Surge To 380K [View all]

I wonder what's happening to all those people who are using up their unemployment eligibility.

http://www.businessinsider.com/initial-claims-april-12-2012-4#ixzz1rpVKUxmm

Initial unemployment claims jumped above expectations, increasing by 13,000 to 380,000, new data out of the Department of Labor shows.

Economists polled by Bloomberg were looking for a 355,000 reading. The prior week's reading was revised higher by 10,000 to 367,000.

However continuing claims substantially beat forecasts, falling by 98,000 to 3.251 million. Expectations were for a 3,000 person decline.

8 replies

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Highlight:

HUGE MISS: Initial Unemployment Claims Surge To 380K [View all] Karmadillo Apr 2012 OP

I wonder how many of those are from government workers. n/t Ian David Apr 2012 #1

Are we on the government jobs aren't real jobs bandwagon? TheKentuckian Apr 2012 #6

Of course we're not. I agree with you. n/t Ian David Apr 2012 #7

business insider bigtree Apr 2012 #2

LOL. You funny. Here's Reuters if that makes you happier. Karmadillo Apr 2012 #3

However continuing claims substantially beat forecasts... (vs HUGE! SURGE!) godai Apr 2012 #4

My sister down in Texas -- Hell Hath No Fury Apr 2012 #5

Of course they show up - just not INITIAL claims obviously dmallind Apr 2012 #8

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