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Jobless Claims Unexpectedly Rise; Inflation Pressure Grows
 New claims for unemployment benefits unexpectedly rose last week, bouncing back above the key 400,000 level, while core producer prices clumbed faster than expected in March, government reports showed on Thursday.Initial claims for state unemployment benefits rose 27,000 to a seasonally adjusted 412,000, the Labor Department said. Economists polled by Reuters had forecast claims slipping to 380,000. They keep using that word, "Unexpectedly!". What the heck do they think is going to happen with the government talking about more taxes as costs of doing business rise? I sure wouldn't be hiring if I was a business owner. I think more and more of these "experts" are little more than political hacks that are paid to be cheerleaders for the government and not give any bad news. Then they act all shocked when their "predictions" head south. Posted by: DarthVader 2011-04-14 |
| http://www.rantburg.com/poparticle.php?ID=320410 |