Jobless Rates Jump Unexpectedly Again… Obama Goes Golfing

Jobless rates jumped again this week… unexpectedly.
Obama went golfing.


Obama says he has a new jobs plan. He’s just waiting until after vacation to announce it.
Reuters reported:

New U.S. claims for unemployment benefits rose more than expected last week, lifted by striking Verizon Communications workers, a government report showed on Thursday.

Initial claims for state unemployment benefits rose 5,000 to a seasonally adjusted 417,000, the Labor Department said, but still nowhere near levels that would signal a recession.

Striking Verizon workers filed 8,500 claims for jobless benefits last week, after submitting 12,500 applications the previous week, which covered the period for the August nonfarm payrolls survey.

You Might Like