New jobless claims dip less than expected to 570,000

[oncedrove]

New jobless claims dip less than expected to 570,000
ASSOCIATED PRESS

WASHINGTON — New jobless claims fell slightly last week while the number of people receiving unemployment benefits rose, a sign the job market’s recovery will be long and bumpy.

The Labor Department says the number of laid-off workers applying for benefits dipped to 570,000 last week, a weaker performance than the drop to 560,000 that economists expected.

The number of people receiving jobless benefits totaled 6.23 million for the week ending Aug. 22, up 92,000 from the previous week, which had been the lowest level since early April. Economists surveyed by Thomson Reuters had expected that number to fall to 6.13 million

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6.23 million are drawing unemployment. The question is, how many have ran out of unemployment? barry still wasting money on programs which are not working!!

 

[greg334]

Why is 500,000 plus people being unemployed a good thing?

 

[jimby82]

Just depends on who is in office at the time.

I remember last year right before the election, jobless claims passed 500,000 for the first time. You would have thought the wheels were coming off by listening to the MSM. I think unemployment was at about 6% then? Ah, the good 'ole days.

Only 570,000? Hey the recession is over, everyone go party!

I'm sure this will be all over the evening news tonight, introduced with the standard "and now some good news on the economy" intro. ( Funny, you only seem to get to here that when a Liberal is in office.)