I Don’t Think That Word Means What You Think It Means. Once Again, “Unexpected” Jobless Rise.
And, the Obama-media continues to be shocked with the rise in the jobless rate.
Initial claims for unemployment benefits rose last week for the second time in three weeks, a sign that layoffs are rising.
The Labor Department says new claims for jobless benefits jumped by 13,000 to a seasonally adjusted 472,000. Analysts expected a small drop, according to a survey by Thomson Reuters.
Greater layoffs by construction firms contributed to the increase, a Labor Department analyst said. Home sales slumped last month after the expiration of a popular homebuyer tax credit. Summer layoffs in many school districts also added to the total.