New jobless claims were up more than expected last week... supposedly due to the auto industry layoffs. However, there are layoffs everywhere. It shouldn't be a surprise that this number increased. If just one of these "analysts" would be realistic about the situation there would be estimates that are right on the number.
The Labor Department said that the number of new claims rose to a seasonally adjusted 637,000, from a revised 605,000 the previous week. That's above analysts' expectations of 610,000... nice job analyst. So much for the recession's end being near.
Read more here.
RSS Feed