When the media parrots the word “unexpected,” they’re trying to be funny… right?
WASHINGTON—The number of people claiming new jobless benefits rose again last week, an unexpected gain fueled in part by a labor dispute at Verizon Communications Inc.
Initial jobless claims climbed by 5,000 to a seasonally adjusted 417,000 in the week ended Aug. 20, the Labor Department said Thursday. Claims filed in the previous week were revised up to 412,000 from an originally reported 408,000.
In other news, the Obama administration is considering “further actions to strengthen the housing market,” which can only mean more bad news for the economy on the horizon.
Also, check out this headline. The media’s doing their best, aren’t they?