Zero Does The Near Impossible! Jobless Claims Unexpectedly Rise While Participation Rate At Record Lows!

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Fascinating.  It didn’t think a person could really pull this off, but, Zero did

Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 354,000, the Labor Department said on Thursday. Claims for the prior week were revised to show 4,000 more applications received than previously reported.

Economists polled by Reuters had expected first-time applications to hold steady at 340,000 last week.

Now, these numbers wouldn’t seem all that bad if not for the fact that our participation rate is down to 63.3%, which is .   

So many people have fell out of the job market it’s quite a feat to increase the unemployment claims. 

When asked about this, the administration says they can’t be expected to know everything that’s going on.  But, promised to get to the bottom of the issue. 

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