{"id":571549,"date":"2010-05-20T09:20:04","date_gmt":"2010-05-20T13:20:04","guid":{"rendered":"http:\/\/washingtonindependent.com\/?p=85288"},"modified":"2010-05-20T09:20:04","modified_gmt":"2010-05-20T13:20:04","slug":"jobless-claims-unexpectedly-rise","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/571549","title":{"rendered":"Jobless Claims Unexpectedly Rise"},"content":{"rendered":"<p>This morning, the Department of Labor <a href=\"http:\/\/www.dol.gov\/opa\/media\/press\/eta\/ui\/eta20100682.htm\">announced<\/a> that initial jobless claims rose 25,000 week-on-week to 471,000. Economists had <a href=\"http:\/\/www.canadianbusiness.com\/markets\/market_news\/article.jsp?content=D9FQGTU80\">expected<\/a> claims to fall from 444,000 to 440,000, continuing their slow decline. The 25,000 person increase is the largest in three months. The four-week average &#8212; which smooths week to week variation &#8212; climbed by 3,000 to 453,500.<\/p>\n<p>The one-week statistic throws cold water on the idea of a fast-moving recovery. Employers are, on aggregate, adding new jobs. Last month, the unemployment rate ticked up from 9.7 to 9.9 percent, but only because more people re-entered or entered the workforce than employers could hire. And yesterday, the Federal Reserve released its April minutes, forecasting a brighter economic outlook. But unemployment and aggregate demand remain extraordinarily weak.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This morning, the Department of Labor announced that initial jobless claims rose 25,000 week-on-week to 471,000. Economists had expected claims to fall from 444,000 to 440,000, continuing their slow decline. The 25,000 person increase is the largest in three months. The four-week average &#8212; which smooths week to week variation &#8212; climbed by 3,000 to [&hellip;]<\/p>\n","protected":false},"author":6662,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-571549","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/571549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/6662"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=571549"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/571549\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=571549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=571549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=571549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}