Geese are purportedly unable to retain observations, and famously awake each morning in a new and strange universe.
So too our “educated class” amongst the Main Stream Media:
First-time jobless claims rise unexpectedly
By CHRISTOPHER S. RUGABER
WASHINGTON – The number of newly laid-off workers filing initial claims for jobless benefits rose unexpectedly last week, evidence that layoffs are continuing and jobs remain scarce.
The rise is the fourth in the past five weeks. Most economists hoped that claims would resume a downward trend that was evident in the fall and early winter.
Since when is a continuation of a four week trend “unexpected”?
The Labor Department said Thursday that new claims for unemployment insurance rose by 8,000 to a seasonally adjusted 480,000. Wall Street economists had expected a drop to 460,000, according to Thomson Reuters.
If you rely on Thomson Reuters for investment advice, you might want to find a new advisor.
The four-week average, which smooths fluctuations, rose for the third straight week to 468,750.
The figure is the highest in the past two months. Initial claims dropped sharply in late December, raising hopes among economists that layoffs were nearing an end and the economy would soon start generating net gains in jobs.
Hope is not an expectation, nor a plan, nor a philosophy of effective government.
The figures come a day before the Labor Department is scheduled to report the January employment figures, which are expected to show a tiny gain in jobs. The unemployment rate is forecast to rise to 10.1 percent.
A “tiny gain in jobs” while the rate of unemployment rises to 10.1%.
A word of advice to our friends in the MSM: put down the crack pipe and seek professional help.