[Cyrus]

An already jittery stock market wasn’t helped by the latest reading on weekly jobless claims, which came in much worse than expected.

The Labor Department said Thursday that initial claims for unemployment benefits jumped by 25,000 to 471,000 for the week ended May 15. The results were not only in contrast to the decline of 4,000 that was estimated by economists, but were also a disappointment in light of recent gains made on the employment front.

http://www.foxbusiness.com/story/jobless-claims-climb-/

[Pops]

I like this guy Despite a 24/7 campaign of carefully managed "good news," 76% of Americans do not believe the U.S. "recovery." Hmm, I wonder why?

The same thing was happening before the "Unforeseeable" recession, J6p had started pulling back way before the boy geniuses on the trading floors got a clue, unfortunately Joe doesn't have a super-computer at his disposal so as usual it was his tit caught in the wringer.

But crap, this is just me being foolish and naive again, no one gives a rip about "The Economy" beyond today's profit.

[Livewire713]

Thats funny, my benefits just ran out so I figured the number would be going down.

[Buggy]

I am curious to see how our fine government analysts are going to "correct" the jobs numbers with the Census just ending. How many more will be unemployed? I imagine a lot of breathing folks will be recorded as dead to adjust the birth-death model. Or would that be a lot of dead folks suddenly breathing???

[truecougarblue]

Birth/death isn't people, it is small businesses that fall outside normal reporting. I'm not saying they don't cook the books using that number, just that it is important to understand what it really is.

[Buggy]

Birth/death isn't people, it is small businesses that fall outside normal reporting. I'm not saying they don't cook the books using that number, just that it is important to understand what it really is.

Thanks. I had no idea.