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New Unemployment Numbers
Posted: May 5, 2011
(Reuters) - New U.S. claims for unemployment aid unexpectedly rose last week to touch their highest level in eight months, pushed up by factors ranging from spring break layoffs to the introduction of an emergency benefits program, a government report showed on Thursday.
KEY POINTS: * Initial claims for state unemployment benefits rose 43,000 to a seasonally adjusted 474,000, the highest since mid-August * Economists polled by Reuters had forecast claims dropping to 410,000. * The prior week's figure was revised up to 431,000 from the previously reported 429,000. * The four-week moving average of unemployment claims, a better measure of underlying trends, increased 22,250 to 431,250, the highest since November.
COMMENTS:
http://www.reuters.com/article/2011/05/05/us-usa-economy-instant-idUSTRE74437V20110505
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I'm not surprised. Companies are just not hiring. - Sad to say
[ In Reply To ..]I wonder if we will ever get jobs in America again. It all sounded so good years ago when they talked about how we were short-sighted and impractical when we didn't want to give our jobs away. Those with the power won and we, the people, lost. Fair trade. That didn't work out well for us. Trickle-down theory. That one didn't work out for us either. Wish we could find the authors of those ideas and fire them. Where is Donald Trump when we need him?!
Private-sector employers added 179,000 jobs in April, - Nothing to get excited about
[ In Reply To ..]The oil prices were hyperinflated from speculation, which makes companies worry about hiring. I don't see a huge problem coming up. Just the usual Wall Street fleecing of our 401-ks.
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