More unexpectedly un-great economic news!
The number of Americans filing new claims for unemployment benefits rebounded last week, pushing them back to levels consistent with modest job growth after a seasonal quirk caused a sharp drop the prior period.
Initial claims for state unemploymentbenefits increased 34,000 to a seasonally adjusted 386,000, the Labor Department said on Thursday. The prior week's figure was revised up to 352,000 from the previously reported 350,000.
Gotta hand it to B. Hussein's lickspittles in the MSM - they try to make bad news sound good
Seasonal quirk = the July 4th holiday :rofl:
Heckuva job! :steamin: