Breitbart: New weekly jobless claims rose to 770,000 for the week that ended March 13, the Department of Labor said Thursday.
Economists surveyed by Econoday had forecast a decline to 700,000. The prior week was initially reported at 712,000 but was revised up to 725,000.
Jobless claims can be volatile week to week so economists like to look at the four-week average. This fell to 746,250, a decline from the upwardly revised average of 762,0000 for the prior week.
Jobless claims—which are a proxy for layoffs—remain at extremely high levels. Prior to the pandemic, the highest level of claims was 695,000 hit in October of 1982. In March of 2009, at the depths of the financial crisis recession, jobless claims peaked at 665,000. read more
This is a reflection of small business getting ready to weather the Obama/Biden disaster of an economy part 2.
I told you Biden is Following Turdo’s lead. Killing oil, pipelines, and allowing imports from ChYna to resume at full pace.
There will be no Trump type of recovery because Jackass Joe and this fraudulent administration is the complete, polar opposite of Donald Trump and the optimism and can do attitude he brought to the table! Their goal is to smash, rob, loot, rape and destroy our cities, our culture, our financials, our military and remove all hope. Nothing we’ve seen out of Washington in the past few months encourages the investment of time and money! These people are locusts!!
It could have something to do with the illegal immigrant rush at the border sucking up all the low wage jobs… also caused by our great leader
“Unexpectedly”?
If the economy is ever good under Biden/Harris, THAT would be unexpected.
Prepare for the free fall.
Well let’s see… under Trump’s leadership, we had the best economy since WW2, so of course, the first thing pResident Harris does upon assuming office is to reverse all of president Trump’s executive orders that gave us the great economy. And now they are surprised that the economy is tanking again?
“Unexpectedly” — only if you’re a leftist. Otherwise, you saw it coming a mile away.