Now the term being used by the Progressive propaganda media is less than expected. Unemployement claims fell to 422,000 last week. The media expected it to fall to 415,000, but once again economic data didn’t go as expected.
New U.S. claims for unemployment benefits fell last week, but not enough to assuage fears the labor market recovery has taken a step back.
Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted 422,000, the Labor Department said on Thursday, less than economists’ expectations for a fall to 415,000.
When will the media stop expecting good economic news? They have been waiting for 2 years and they still haven’t given up hope. Their love of Obama blinds them to the failure of his policies.
Tags: Progressive Propaganda, Stagflation, The Obama Boom, Weekly Unemployment Claims
