Now how could this happen before the election?
U.S. Jobless Claims Rise 46,000 on Seasonal Shift
By Shobhana Chandra – Oct 18, 2012 7:30 AM CT
More Americans than forecast filed applications for unemployment benefits last week, reflecting an unwinding of adjustments for seasonal swings at the start of a quarter.
Jobless claims increased by 46,000 to 388,000 in the week ended Oct. 13 from a revised 342,000 the prior period that was the lowest since February 2008, Labor Department figures showed today in Washington. The median forecast of 49 economists surveyed by Bloomberg called for a rise in claims to 365,000.
Read more at Bloomberg News.
Surprise, surprise, surprise!