Jobless Claims Rise, Unexpectedly
Usually you have to work a bit to stretch something like this into a cliche. But given the word unexpectedly is used so often in these stories, perhaps it's time for the experts to review their expectations?
June 17 (Bloomberg) — The number of Americans seeking jobless benefits last week unexpectedly rose to a one-month high, indicating firings are staying elevated even as the U.S. economy grows.
Initial jobless claims increased by 12,000 to 472,000 in the week ended June 12, Labor Department figures showed today in Washington. Economists surveyed by Bloomberg News projected 450,000 claims, according to the median forecast. The number of people receiving unemployment insurance rose, while those getting extended benefits dropped.