Sharp increase in new jobless claims, 6/17/10

• Even after the Census Bureau hired 411,000 people. The AP doesn't mention this til the end of the article.
  
• ***6/17, AP: "The number of people filing new claims for jobless benefits jumped last week after three straight declines, another

sign that the pace of layoffs has not slowed.

• Initial claims for jobless benefits rose by 12,000 to a seasonally adjusted 472,000, the Labor Department said Thursday. It was the highest level in a month...

First-time jobless claims have hovered near 450,000 since the beginning of the year....

• Economists say they will feel more optimistic that the economy is creating jobs once initial jobless claims fall below 425,000 per week....

The number of people continuing to claim benefits rose by 88,000 to 4.57 million. That doesn't include about 5.2 million people who receive extended benefits paid for by the federal government...

• Adding to worries about the job market, the Labor Department said earlier this month that the economy generated

only 41,000 private-sector jobs in May. That was down from 218,000 in April.

• Temporary hiring by the Census Bureau added another 411,000 jobs.
  
• The unemployment rate fell to 9.7 percent from 9.9 percent."

"New claims for jobless benefits rise sharply," AP, Alan Zibel, 6/17/10. via mention on Mark Levin show. I had to go through many articles to find one that did not have editorial images added of someone interviewing for an actual job to soften the message of the news. One article had a huge picture of an odious republican (Boehner) making one of his usual meaningless soundbites. ed.