Jobless Claims Rise…Uh, Unexpectedly.

May 21, 2010 at 08:07 (Economy, General Stupidity, News)

Every time a report comes out it’s unexpected. Really? Do you really not expect it? So either the know-it-alls are fools, or they are trying to carry water for this administration. Either way, it’s a bunch of crap.

WASHINGTON – The number of people filing new claims for unemployment benefits unexpectedly rose last week by the largest amount in three months. The surge is evidence of how volatile the job market remains, even as the economy grows.

Applications for unemployment benefits rose to 471,000 last week, up by 25,000 from the previous week, the Labor Department said Thursday. It was the first increase in five weeks and the biggest jump since a gain of 40,000 in February.

The total was the highest since new claims reached 480,000 on April 10. It also pushed the average for the last four weeks to 453,500.

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