{"id":3239,"date":"2010-02-25T15:33:46","date_gmt":"2010-02-25T20:33:46","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=3239"},"modified":"2010-02-25T16:07:27","modified_gmt":"2010-02-25T21:07:27","slug":"initial-jobless-claims-rise-unexpectedly-again","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2010\/02\/25\/initial-jobless-claims-rise-unexpectedly-again\/","title":{"rendered":"Initial Jobless Claims Rise&#8230; Unexpectedly&#8230; Again"},"content":{"rendered":"<p>Here we go again, another week and another, um, &#8220;unexpected&#8221; <a href=\"http:\/\/www.foxnews.com\/politics\/2010\/02\/25\/new-jobless-claims-rise-unexpectedly\/\" target=\"_blank\">rise in initial jobless claims<\/a>:<\/p>\n<blockquote><p>The number of new claims for unemployment benefits jumped  unexpectedly last week as heavy snows caused layoffs to rise.<\/p>\n<p>In addition, many state agencies in the mid-Atlantic and New England  regions that process the claims were closed due to the storms and are  now clearing out backlogs, a Labor Department analyst said.<\/p>\n<p>The department said Thursday that first-time claims for unemployment  insurance rose by 22,000 to a seasonally adjusted 496,000. Wall Street  analysts polled by Thomson Reuters expected a drop to 455,000.<\/p>\n<p>Bad weather can cause job losses in construction and other industries  sensitive to weather.<\/p><\/blockquote>\n<p>I&#8217;m sorry but I have to ask&#8230; Unexpectedly by whom???<\/p>\n<p><a href=\"http:\/\/jammiewearingfool.blogspot.com\/2010\/02\/stunner-unemployment-claims-jump.html\" target=\"_blank\">JWF<\/a> sums things up nicely:<\/p>\n<blockquote><p>It&#8217;s comical how every story about job losses always calls it <em>unexpected<\/em>,  with pointy-headed <em>experts<\/em> baffled by the news. Maybe someone  can ask Professor Obama about  this grim news today during his six-hour lecture to Republicans.<\/p><\/blockquote>\n<p>Um, yeah, I&#8217;d pay money to see that!<\/p>\n<p>Anyway, it&#8217;s not the weather that&#8217;s driving these new jobless claims it&#8217;s the <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=av4BHgGPQ5Es\" target=\"_blank\">slumping consumer confidence and\u00a0 home prices<\/a> coupled with the Millions of Americans who are underwater on their mortgages&#8230; roughly 3<a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601068&amp;sid=aGwcSA_UG5GU\" target=\"_blank\">00,000 of them are facing foreclosure<\/a> each month. Americans simply don&#8217;t have the discretionary capital to invest or consume they they used to. Bottom line we&#8217;re not going to see anything resembling a meaningful recovery until that changes.<\/p>\n<p><strong>Related<\/strong><\/p>\n<ul>\n<li><a href=\"http:\/\/www.reuters.com\/article\/idUSN239866720100223?type=marketsNews\" target=\"_blank\">US Jan mass layoffs edge up on weak manufacturing<\/a> &#8211; Reuters<\/li>\n<li><a href=\"http:\/\/www.cnsnews.com\/news\/article\/61720\" target=\"_blank\">Read His Lips:  Obama Calls for Increasing Payroll Taxes on \u2018Households\u2019 Earning Less  Than $250,000 Per Year<\/a> &#8211; CNSNews.com<\/li>\n<li><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=ahuuwBS8KYq8&amp;pos=2\" target=\"_blank\">Obama May  Prohibit Home-Loan Foreclosures Without HAMP Review<\/a> &#8211; Bloomberg.com<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Here we go again, another week and another, um, &#8220;unexpected&#8221; 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 were closed due to 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":[26,7],"tags":[1363,706],"class_list":{"0":"post-3239","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy","7":"category-politics","8":"tag-economy","9":"tag-unemployment","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-Qf","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3199,"url":"https:\/\/www.jasetaro.com\/blog\/2010\/02\/04\/first-time-jobless-claims-rise-unexpectedly-again\/","url_meta":{"origin":3239,"position":0},"title":"First-time Jobless Claims Rise Unexpectedly&#8230; Again","author":"Jeff","date":"February 4, 2010","format":false,"excerpt":"This is getting ridiculous, and as predictable as sunrise... Just how many times can new jobless claims rise \"unexpectedly\" before the Associated Press realizes there'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\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":3239,"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":3421,"url":"https:\/\/www.jasetaro.com\/blog\/2010\/07\/01\/weekly-initial-jobless-claims-rise-unexpectedly-yet-again\/","url_meta":{"origin":3239,"position":2},"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":2602,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/08\/13\/retail-sales-fall-jobless-claims-and-foreclosures-rise-in-july\/","url_meta":{"origin":3239,"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":3239,"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":3239,"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\/3239","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=3239"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/3239\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=3239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=3239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=3239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}