The number of new applications for unemployment benefits rose 16,000 last week to 351,000, the Labor Department reported on Thursday.
The new numbers were more than expected, bolstering the arguments of those who say the country’s economic recovery still has a way to go. Thursday’s jobless claims number was more than forecasters’ expectations of 320,000. The previous week saw 336,500 people applying for unemployment insurance for the first time.
"Progress on new claims for jobless benefits was not to be in the latest snapshot, posting a second straight weekly increase," said Bankrate senior economic analyst Mark Hamrick. "The economy still has some heavy lifting to do under the presumption that further progress will be made in the coming months while putting the pandemic behind."
Thursday’s numbers come after a rough August jobs report that fell well short of forecasters’ expectations . The economy added just 235,000 new jobs last month, well below the 750,000 that were expected. The overall unemployment rate dropped slightly from 5.4% to 5.2%.....snip~
Jobless claims more than anticipated as economy struggles to recover | Washington Examiner
Can the Lame Stream media hide this for Team Deviant? How many more breaks will they give Deviant Joe?
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Originally Posted by RMNIXON
