May 11

Can you say Stagflation?

Bloomberg:  First-Time Unemployment Claims in U.S. Unexpectedly Increase to 474,000 -That’s a 10% jump from the previous week and the highest since August.  It’s also 64,000 higher than so-called economists expected.  The four-week moving average climbed to 431,250.

Bloomberg:  Food Prices Rise to Near-Record as Inflation Accelerates – But since we exclude food from the “core” inflation rate, nothing to see here …. keep it moving.

Apr 11

Jobless Claims rise as expected; Inflation Pressure Grows

by Reuters | CNBC | April 14, 2011

New claims for unemployment benefits unexpectedly rose last week, bouncing back above the key 400,000 level, while core producer prices clumbed faster than expected in March, government reports showed on Thursday. Continue reading →

Mar 11

Weekly U.S. jobless claims dip 6,000 to 388,000

by Jeffrey Bartash | MarketWatch | March 31, 2011

New applications by people seeking unemployment benefits edged lower last week after taking into account revisions in the how the U.S. government calculates the dataContinue reading →

Mar 11

Jobless Claims in U.S. Fell by 5,000 Last Week to 382,000

by Shobhana Chandra | Bloomberg | March 24, 2011

Fewer Americans filed applications for unemployment benefits last week, signaling the labor market is mending.

Jobless claims declined by 5,000 to 382,000 in the week ended March 19, Labor Department figures showed today in Washington, in line with the median forecast of economists surveyed by Bloomberg News. The total number of people receiving benefits dropped to the lowest level in almost three years.  Continue reading →