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Author Topic: Jobless claims jump, wholesale food costs surge  (Read 1773 times)

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Offline Celtic Rose

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Jobless claims jump, wholesale food costs surge
« on: January 13, 2011, 11:13:21 AM »
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U.S. jobless claims jumped to their highest level since October last week while food and energy costs lifted producer prices in December, pointing to headwinds for an economy that has shown fresh vigor.

However, a surge in exports to their highest level in two years helped narrow the U.S. trade deficit in November, an encouraging sign for fourth-quarter economic growth.

Despite a string of recent data that had signaled a pickup in the economy's momentum, the figures on Thursday showed the job market continues to struggle.

The number of Americans filing for first-time unemployment benefits rose unexpectedly to 445,000 from 410,000 in the prior week, a Labor Department report showed. It was the biggest one-week jump in about six months and confounded analyst forecasts for a small drop to 405,000.

http://www.reuters.com/article/idUSTRE70A41H20110113

Perhaps holiday employees are going back to unemployment
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Offline NHSparky

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Re: Jobless claims jump, wholesale food costs surge
« Reply #1 on: January 13, 2011, 11:36:50 AM »
Yup--there's that word again..."UNEXPECTED"
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Offline thundley4

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Re: Jobless claims jump, wholesale food costs surge
« Reply #2 on: January 13, 2011, 11:53:30 AM »
Quote from: NHSparky on January 13, 2011, 11:36:50 AM
Yup--there's that word again..."UNEXPECTED"

I'm just surprised that they didn't use it when referring to the rise in energy and food prices.
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Offline DumbAss Tanker

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Re: Jobless claims jump, wholesale food costs surge
« Reply #3 on: January 13, 2011, 04:10:17 PM »
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...confounded analyst forecasts...

Seems to be kind of a recurring theme, no matter which way it goes.

 :whatever:
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Offline true_blood

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Re: Jobless claims jump, wholesale food costs surge
« Reply #4 on: January 13, 2011, 07:55:02 PM »
Quote from: NHSparky on January 13, 2011, 11:36:50 AM
Yup--there's that word again..."UNEXPECTED"
Nice one Sparky. :cheersmate:
Funny how they use to say they we "were losing over 700k jobs a month"  when Bush was in office. Hey dip shits, we have been losing over 400k a month for A LONG time now. Just more of the liberal double speak. Just keep the numbers low, but steady, hoping the American public won't pick up on that.
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