Heard on the news this morning: jobless claims rose "unexpectedly". The Feds are now blaming the weather in the Northeast for increased layoffs. Firstly, how can ANYONE who is remotely looking, be surprised that jobless claims rose? As far as I know, it's been "unexpected" every time they've released new numbers. After a certain number of "unexpecteds", you'd think it would then be "expected".
Secondly, according to this article: North Carolina, Pennsylvania, and Kentucky had the largest increases (construction, furniture, mining). As far as I know, construction would be the only item affected by weather. Oddly, California had the biggest drop in claims--maintaining their public service at cost to the taxpayers. Apparently Big Government employment was not affected due to weather. Pity......
edited to correct state data regarding increases
2 years ago