The country got some more disappointing news about jobs on Thursday.
Initial claims for unemployment rose last week to a seasonally adjusted half a million, the first time since November that they have reached that level.
The Department of Labor said in its weekly report that the seasonally adjusted jobless claims climbed by 12,000 to 500,000 from the previous week’s revised 488,000.
Wall Street analysts had expected the seasonally adjusted claims to drop.
From Bloomberg: Unexpectedly!
“Applications for unemployment benefits in the U.S. unexpectedly increased last week to the highest level since November, showing companies are stepping up the pace of firings as the economy slows.â€
The next that they’ll call “unexpected” is an absolute Dem bloodbath on election day…