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U S Jobless Unexpectedly Increases

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Jobless Claims in U.S. Increased Last Week to 472,000

July 1 (Bloomberg) -- More Americans unexpectedly applied for jobless benefits last week, a sign the labor market recovery may be slowing.

Initial jobless claims increased by 13,000 to 472,000 in the week ended June 26, Labor Department figures showed today in Washington. The number of people receiving unemployment insurance rose, while those getting emergency benefits dropped after Congress failed to act on extending the legislation.

It's the 'unexpected' double dip!

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Not to worry it won't happen here - we are going to grow our way out of this nightmare by selling piles of bricks to each other for ever increasing fairytale prices.

Nothing can go wrong now the recovery is locked in :lol:

Edited by MrFlibble

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It's not unexpected again.

You would have thought people might get ahead of the curve by now.

particularly as the revision has been upwards (ie, worse) for the last 10 weeks on the trot and the actual number has been worse than the predicted for 12 weeks out of the last 13! you'd have thought they'd realise that things are worse than they thought after a performance like that!

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Unexpected? :blink:

I together with 78,000,000 investors (including Bill Gross and Warren Buffett) have placed bets that joblessness will rise in the US--and wherever the bubbles are bursting.

The only people expecting a recovery are the Estate Agents, the Daily Express and perhaps Gordon Brown. And even they probably believe in in the inevitable but just want to put on a happy face to make themselves feel good.

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Guest spp

Unexpected...Never seen it coming...must be the snow again? ohh it's summer :blink:

Well at least the they got the jobless part of "jobless recovery" correct. Muppets!

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It's the 'unexpected' double dip!

"More Americans unexpectedly applied for jobless benefits last week".

So they were not expecting to be laid off? Only in America.

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"More Americans unexpectedly applied for jobless benefits last week".

So they were not expecting to be laid off? Only in America.

It's a dumb post. My understanding is hundreds of thousands of 'temporary workers' were put back on the unemployed list after the census finished and this was predicted, so of course they started claiming.

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It's a dumb post. My understanding is hundreds of thousands of 'temporary workers' were put back on the unemployed list after the census finished and this was predicted, so of course they started claiming.

Hmm, (rubs chin) 'They' have always got some explanation (excuse) as to why jobless totals have risen. <_<

They can wrap it up any way they like to try and get a headline they prefer but the reality is simply that more people are out of work.

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  • 138 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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