{"id":3199,"date":"2010-02-04T15:25:56","date_gmt":"2010-02-04T20:25:56","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=3199"},"modified":"2010-02-04T15:25:56","modified_gmt":"2010-02-04T20:25:56","slug":"first-time-jobless-claims-rise-unexpectedly-again","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2010\/02\/04\/first-time-jobless-claims-rise-unexpectedly-again\/","title":{"rendered":"First-time Jobless Claims Rise Unexpectedly&#8230; Again"},"content":{"rendered":"<p>This is getting ridiculous, and as predictable as sunrise&#8230; Just how many times can new jobless claims rise &#8220;unexpectedly&#8221; before the Associated Press realizes there&#8217;s nothing <a href=\"http:\/\/news.yahoo.com\/s\/ap\/20100204\/ap_on_bi_go_ec_fi\/us_jobless_claims\" target=\"_blank\">unexpected<\/a> about it:<\/p>\n<blockquote><p>The number of newly laid-off workers filing initial claims for jobless benefits rose unexpectedly last  week, evidence that layoffs are continuing and jobs remain scarce.<\/p>\n<p>The rise is the fourth in the past five weeks. Most  economists hoped that claims would resume a downward trend that was  evident in the fall and early winter.<\/p>\n<p>The Labor Department said Thursday that new  claims for unemployment insurance  rose by 8,000 to a seasonally adjusted 480,000. Wall Street economists  had expected a drop to 460,000, according to Thomson Reuters.<\/p>\n<p>The four-week average, which smooths fluctuations,  rose for the third straight week to 468,750.<\/p>\n<p>The figure is the highest in the past two months.  Initial claims dropped sharply in late December, raising hopes among  economists that layoffs were nearing an end and the economy would soon  start generating net gains in jobs.<\/p><\/blockquote>\n<p>When you couple this report with yesterday\u2019s news that <a href=\"http:\/\/www.marketwatch.com\/story\/planned-layoffs-rise-for-first-time-since-july-2010-02-03?siteid=rss&amp;rss=1\" target=\"_blank\">planned  layoffs have begun increasing<\/a> again things don&#8217;t bode well for this so called recovery&#8230; Of course if tomorrow\u2019s announcement from the Bureau of Labor Statistics about  unemployment and job creation for January turns out  to be bad news, the media will undoubtedly call it &#8220;unexpected&#8221;.<\/p>\n<p>[poll id=&#8221;14&#8243;]<\/p>\n<p><strong>Related<\/strong><\/p>\n<ul>\n<li><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=acv4zpMe6cdU&amp;pos=1\" target=\"_blank\">Stocks,  Commodities Plunge, Dollar Gains on Debt, Jobs Concerns<\/a> &#8211; Bloomberg.com<\/li>\n<li><a href=\"http:\/\/www.washingtontimes.com\/news\/2010\/feb\/04\/house-vote-19-trillion-more-debt\/?feat=home_headlines\" target=\"_blank\">House approves $1.9 trillion more debt<\/a> &#8211; The Washington Times<\/li>\n<li><a href=\"http:\/\/www.investors.com\/NewsAndAnalysis\/Article.aspx?id=91343&amp;source=APOnline\" target=\"_blank\">Companies boost productivity and put off hiring<\/a> &#8211; Investors.com<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>This is getting ridiculous, and as predictable as sunrise&#8230; Just how many times can new jobless claims rise &#8220;unexpectedly&#8221; before the Associated Press realizes there&#8217;s nothing unexpected about it: The number of newly laid-off workers filing initial claims for jobless benefits rose unexpectedly last week, evidence that layoffs are continuing and jobs remain scarce. The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[26],"tags":[1363,706],"class_list":{"0":"post-3199","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy","7":"tag-economy","8":"tag-unemployment","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-PB","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3421,"url":"https:\/\/www.jasetaro.com\/blog\/2010\/07\/01\/weekly-initial-jobless-claims-rise-unexpectedly-yet-again\/","url_meta":{"origin":3199,"position":0},"title":"Weekly Initial Jobless Claims Rise&#8230; Unexpectedly&#8230; Yet Again&#8230;","author":"Jeff","date":"July 1, 2010","format":false,"excerpt":"This is getting silly, it seems like every time new jobless claims rise the media uses words like \"unexpected' or \"surprising\" to describe the news... There's nothing surprising or unexpected about this week's jobless report, not after reports on plunging new home sales in May, and the sharp drop in\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3225,"url":"https:\/\/www.jasetaro.com\/blog\/2010\/02\/18\/new-jobless-claims-rise-unexpectedly-again\/","url_meta":{"origin":3199,"position":1},"title":"New Jobless Claims Rise&#8230; Unexpectedly&#8230; Again&#8230;","author":"Jeff","date":"February 18, 2010","format":false,"excerpt":"Here we go again... another week, another \"unexpected\" rise in new jobless claims: The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economic recovery. Initial claims for state unemployment benefits increased 31,000\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3239,"url":"https:\/\/www.jasetaro.com\/blog\/2010\/02\/25\/initial-jobless-claims-rise-unexpectedly-again\/","url_meta":{"origin":3199,"position":2},"title":"Initial Jobless Claims Rise&#8230; Unexpectedly&#8230; Again","author":"Jeff","date":"February 25, 2010","format":false,"excerpt":"Here we go again, another week and another, um, \"unexpected\" rise in initial jobless claims: The number of new claims for unemployment benefits jumped unexpectedly last week as heavy snows caused layoffs to rise. In addition, many state agencies in the mid-Atlantic and New England regions that process the claims\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2602,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/08\/13\/retail-sales-fall-jobless-claims-and-foreclosures-rise-in-july\/","url_meta":{"origin":3199,"position":3},"title":"Retail Sales Fall, Jobless Claims and Foreclosures Rise In July","author":"Jeff","date":"August 13, 2009","format":false,"excerpt":"Recovery, what recovery??? There's no good news in the economic data released today... If President Obama and the Democrats in Congress where hoping improving economic indicators would help rescue their health care reform plans there out of luck. Retail Sales fell 0.1 percent last month, while new jobless claims increased\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3175,"url":"https:\/\/www.jasetaro.com\/blog\/2010\/01\/14\/train-wreck-retail-sales-fall-jobless-claims-rise-foreclosures-set-record-and-the-dollar-crisis\/","url_meta":{"origin":3199,"position":4},"title":"Train Wreck: Retail Sales Fall, Jobless Claims Rise, Foreclosures set Record and the Dollar Crisis","author":"Jeff","date":"January 14, 2010","format":false,"excerpt":"Whew, I can't believe I got all that in headline! Anyone who has read this blog for any period of time knows I'm a pessimist on the economy, in short I don't see any reason to be hopeful: Retail sales unexpectedly fell in December, leaving 2009 with the biggest yearly\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3819,"url":"https:\/\/www.jasetaro.com\/blog\/2011\/03\/04\/jobless-rate-falls-to-8-9-as-192k-jobs-added\/","url_meta":{"origin":3199,"position":5},"title":"Jobless Rate Falls to 8.9% as 192K Jobs Added","author":"Jeff","date":"March 4, 2011","format":false,"excerpt":"Today's jobless report is a good news bad news thing, first the good news... From Bloomberg: U.S. employers added 192,000 workers in February, amid an improving economy and more seasonable weather, and the unemployment rate unexpectedly declined to 8.9 percent, the lowest level since April 2009. So what's the bad\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/3199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=3199"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/3199\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=3199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=3199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=3199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}