Jobless Claims in U.S. Unexpectedly Jump

[CARLHAYDEN]

Jobless Claims in U.S. Unexpectedly Jump

By Alex Kowalski and Shobhana Chandra - May 5, 2011

The number of claims for U.S. unemployment benefits unexpectedly rose last week, pushed up by auto-plant shutdowns and other unusual events that seasonal variations failed to take into account, the Labor Department said.

http://www.bloomberg.com/news/2011-05-05/jobless-claims-in-u-s-unexpectedly-jump-due-to-special-factors.html

Of course its “unexpected” and an “anomaly”. 

Oh, and the futures market fell

[King]

Well, thank god we can just give these people unemployment benefits to do nothing instead of evil socialist jobs like high speed rail.