Thursday, December 09, 2004

The Wecovery: Jobs tanking, again 

And guess what! The economists are surprised again!

U.S. jobless claims rose unexpectedly last week in more worrying news for the labor market, government data showed on Thursday, while other indicators offered more positive signals for the economy.

The Labor Department said the new claims for jobless benefits grew unexpectedly last week to 357,000. A Reuters poll of analysts had forecast first-time claims would fall to 335,000 from 349,000 the previous week, which had been shortened by Thanksgiving Day.
(via Reuters)

Um, what was "unexpected" about it?

Can't we outsource the economists? If we got it wrong as often as they do, we'd be fired....

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