First time weekly jobless claims are up again to 367,000. That is an increase of 4000 from last week. Yet more poor jobs numbers courtesy of the Barack Obama jobs recovery and Obamanomics. I had speculated that part of last nights poor performance by Obama in the Presidential debate was not just because he was off his game, but instead because it is impossible to defend a failed economic record when he can’t crack jokes and make one-liners. In the end, that is really all Obama is. Obama also might have been glum because he knew that on Thursday there would be a poor jobs report and on Friday, another failing unemployment number for September.
The number of Americans filing new claims for unemployment benefits rose less than expected last week, according government data on Thursday that suggested a mild improvement in the labor market.
Initial claims for state unemployment benefits climbed 4,000 to a seasonally adjusted 367,000, the Labor Department said.
The prior week’s figure was revised up to show 4,000 more applications than previously reported.
Economists polled by Reuters had forecast claims rising to 370,0000 last week. The four-week moving average for new claims, a better measure of labor market trends, was unchanged at 375,000. It was the first time since December last year that the four-week average was unchanged.
A Labor Department official said there were no special factors influencing the report and no states had been estimated.
Barack Obama’s policies are an EPIC FAILURE and in a debate, he has no where to run.