Jobless Rates Jump Unexpectedly Again… Obama Goes Golfing

Jobless rates jumped again this week… unexpectedly.
Obama went golfing.

(AP)

Obama says he has a new jobs plan. He’s just waiting until after vacation to announce it.
Reuters reported:

New U.S. claims for unemployment benefits rose more than expected last week, lifted by striking Verizon Communications workers, a government report showed on Thursday.

Initial claims for state unemployment benefits rose 5,000 to a seasonally adjusted 417,000, the Labor Department said, but still nowhere near levels that would signal a recession.

Striking Verizon workers filed 8,500 claims for jobless benefits last week, after submitting 12,500 applications the previous week, which covered the period for the August nonfarm payrolls survey.

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