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Surprise, Surprise, Surprise, Jobless Claims Up 46,000 To 388,000

October 18, 2012

World

Publicity photo from the television program Th...

Publicity photo from the television program The Andy Griffith Show. Pictured are Don Knotts (Barney Fife) and Jim Nabors (Gomer Pyle). (Photo credit: Wikipedia)

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!

 

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