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U.S. jobless claims show surprise
gain, well above expectations

Original Article

Posted By: NorthernDog, 7/22/2021 9:15:00 AM

Weekly jobless claims unexpected moved higher last week despite hopes that the U.S. labor market is poised for a strong recovery heading into the fall. Initial filings for unemployment insurance totaled 419,000 for the week ended July 17, well above the 350,000 Dow Jones estimate and more than the upwardly revised 368,000 from the previous period, the Labor Department reported Thursday. The news sent stock market futures off their highs for the morning, with Wall Street pointing to a slightly negative open. Government bond yields also endged lower. The total was the highest weekly count since May 15 and comes

Comments:

Surprise! It's easier to claim unemployment than to take one of the million job openings.

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Reply 1 - Posted by: Jethro bo 7/22/2021 9:19:15 AM (No. 853339)
Bidenomics at its best. And the worse is yet to come.
27 people like this.

Reply 2 - Posted by: Nimby 7/22/2021 9:21:41 AM (No. 853341)
Who is surprised?Not people with func brains
19 people like this.

Reply 3 - Posted by: edgar 7/22/2021 9:24:33 AM (No. 853346)
The dems are in charge. All of those "I told you so's" are 'surprises' or 'unexpected'. We really need a non-activist press.
15 people like this.

Reply 4 - Posted by: Come And Take It 7/22/2021 9:41:52 AM (No. 853367)
HAHAHAHAHAHAHA. Unexpected. The economic buzzword of the Keynesian commie. They also revised the bullsht numbers that Xiden has been crowing about upward. Blue states are extending money for nothing further out, so why would anyone there want to work? If you can get someone to pay you to watch TV and play video games, why not? You want good economic data when Demmunists are running the show? Get a Ouija board.
17 people like this.

Reply 5 - Posted by: Toby Ten Bears 7/22/2021 9:46:08 AM (No. 853376)
D-RAT bad news = Unexpected... always unexpected.
15 people like this.

Reply 6 - Posted by: red1066 7/22/2021 10:08:31 AM (No. 853403)
The only thing unexpected was the amount of fraud in the last election.
14 people like this.

Reply 7 - Posted by: bigfatslob 7/22/2021 10:14:39 AM (No. 853410)
My old Jimmy Carter 'misery index' from the late '70s has just been dusted off and renamed the Biden misery index and it's getting perky lately. The only thing I miss from those wonderful times was the Money Market with 12% or 14% interest every six months then renew at a higher rate. Banks would post sandwich boards with daily rate increases around town.
10 people like this.

Reply 8 - Posted by: LC Chihuahua 7/22/2021 10:26:24 AM (No. 853427)
The left killed the economy in 2020 just to win an election. The economy is trying to rebound back, but Biden and his lefty allies are suppressing that to exert influence over the populace.
11 people like this.

Reply 9 - Posted by: Mizz Fixxit 7/22/2021 10:28:41 AM (No. 853430)
Post 1 is correct. Just wait until cold weather season for a series of “unexpected” increases in jobless claims.
9 people like this.

Reply 10 - Posted by: bad-hair 7/22/2021 10:32:18 AM (No. 853437)
Masterful Headline Writing. We have employers crying to fill jobs but unemployment is UP. A surprise GAIN above expectations.
7 people like this.

Reply 11 - Posted by: Lawsy0 7/22/2021 10:37:26 AM (No. 853449)
Why is the United States Department of Labor always so confused, or the statistics always so ''unexpected?'' Is this department as useless as the United States Department of Education?
11 people like this.

Reply 12 - Posted by: Skinnydip 7/22/2021 11:10:31 AM (No. 853499)
Uh, shouldn't it be "unexpectedly"? Guess they don't teach grammar in schools anymore.
3 people like this.

Reply 13 - Posted by: 68BattleofBealeVet 7/22/2021 11:25:39 AM (No. 853510)
Biden bunch will wait until just before 2022 elections to tighten unemployment so employment numbers will improve. They will then boast about how economy is booming.
2 people like this.

Reply 14 - Posted by: downnout 7/22/2021 11:36:25 AM (No. 853523)
There’s that word again…unexpected.
3 people like this.

Reply 15 - Posted by: AlpineLace 7/22/2021 11:37:35 AM (No. 853524)
Oh some more business re-opened and the employees went back to work. Amazing.
1 person likes this.

Reply 16 - Posted by: His_Highness 7/22/2021 12:03:09 PM (No. 853568)
“U.S. jobless claims show surprise gain, well above expectations.” Read that headline twice and tell me you don’t feel like they’re trying to say, “Great news!”
3 people like this.

Reply 17 - Posted by: chance_232 7/22/2021 12:11:47 PM (No. 853584)
There are as many open positions out there as there are people who are unemployed. Unless a person is un-employable, there is no good reason for them to remain unemployed.
1 person likes this.

Reply 18 - Posted by: moebellini3 7/22/2021 1:57:57 PM (No. 853698)
Duh, when you're paying people to stay home why wouldn't those numbers go up. Why do they think the losers of the world are crossing our border. They hate our country but love a paycheck without working.
0 people like this.

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