Gotta love the Media – Weekly jobless claims “unexpectedly” rise

Headlines on the major wires are  -”Weekly jobless claims unexpectedly rise”  what where they really expecting that Obama would pull a Rabbit out of his hat and the job market would have a Summer surge?  As HotAir an other blogs point out, the head line should be more like, “For the eighth week in a row, unemployment claims rise”

The number of initial jobless claims remained in the 420K range, according to the Department of Labor’s report today.  Last week saw a slight increase of just 1,000 to the number of new claims from the previous week, which got revised upward by 4,000 from the previous week’s initial report:

In the week ending June 4, the advance figure for seasonally adjusted initial claims was 427,000, an increase of 1,000 from the previous week’s revised figure of 426,000. The 4-week moving average was 424,000, a decrease of 2,750 from the previous week’s revised average of 426,750.

The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending May 28, a decrease of 0.1 percentage point from the prior week’s unrevised rate of 3.0 percent.

via Gotta love the Media – Weekly jobless claims “unexpectedly” rise  | Iron Mill News Service.

About Albert N. Milliron 6991 Articles
Albert Milliron is the founder of Politisite. Milliron has been credentialed by most major news networks for Presidential debates and major Political Parties for political event coverage. Albert maintains relationships with the White House and State Department to provide direct reporting from the Administration’s Press team. Albert is the former Public Relations Chairman of the Columbia County Republican Party in Georgia. He is a former Delegate. Milliron is a veteran of the US Army Medical Department and worked for Department of Veterans Affairs, Department of Psychiatry.

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