Thursday, February 27, 2025

Jobless Claims Spike

First-time applications for unemployment benefits rose much more than expected last week, a likely indication of some "noisy" data, but also a potential worrisome hint that cracks may be forming in America's long-solid labor market. There were an estimated 242,000 jobless claims filed last week, according to seasonally adjusted data released Thursday by the Department of Labor. That's an increase of 22,000 from the prior week's tally and a figure that landed well above economists' expectations for 220,000 claims. In addition to last week being a holiday week, a deadly winter storm and frigid cold hit many states. However, considering that the Trump administration is taking a figurative chainsaw through the employment ranks of the US government, the weekly claims data has risen in importance.

Posted by reinheitsgebot at 10:44 AM | 20 COMMENTS | permalink

Comments

Here comes the Trumpcession.

#1 | Posted by reinheitsgebot at 2025-02-27 11:13 AM

No one could have predicted....

#2 | Posted by Corky at 2025-02-27 11:25 AM

The canary is dead. Time to leave the mine.

#3 | Posted by Zed at 2025-02-27 11:32 AM

And all well here from the MAGA idiots are sarcastic things like duhhhh I ThOuGhT POtuZ dUhZenTz AfFecTz DuH EcOnoMieZ?!!'

#4 | Posted by jpw at 2025-02-27 11:45 AM

The US Economic Policy Uncertainty Index is at its highest level since 2000, higher than during the Financial Crisis, higher than during COVID

bsky.app

#5 | Posted by reinheitsgebot at 2025-02-27 12:29 PM

"cracks may be forming in America's long-solid labor market"

Republicans voted for those cracks.
Republicans say those cracks are good for America.

#6 | Posted by snoofy at 2025-02-27 12:41 PM

Trumpers on cracks!

#7 | Posted by Corky at 2025-02-27 12:57 PM


No one could have predicted....
#2 | POSTED BY CORKY

BS I said it was coming back when Snoofy was arguing that inflation was "transitory".

#8 | Posted by oneironaut at 2025-02-27 01:11 PM

Corky is a crack!

#9 | Posted by oneironaut at 2025-02-27 01:12 PM

IAMRUNT is an orc-loving deplorable.

#10 | Posted by reinheitsgebot at 2025-02-27 01:15 PM

said it was coming back when Snoofy was arguing that inflation was "transitory".

#8 | POSTED BY ONEIRONAUT

Saying the same thing for four years then smugly claiming you're "right" when it finally happens doesn't make you smart, idiot.

You were wrong for over 1,300 days and finally found a nut thanks to your POS "President."

#11 | Posted by jpw at 2025-02-27 01:18 PM

This is what Deplorable Trumping MAGAts wanted.

Rampant unemployment and inflation.

Get ready for the breadlines.

#12 | Posted by ClownShack at 2025-02-27 01:21 PM

Hold on to your butts, we're just getting started

#13 | Posted by hamburglar at 2025-02-27 01:21 PM

Get ready for the breadlines.

Posted by ClownShack at 2025-02-27 01:21 PM | Reply

At the rate we are going we will just have lines without the bread. Just sayin

#14 | Posted by LauraMohr at 2025-02-27 01:24 PM

"arguing that inflation was "transitory".

Transitory, like it would go back down to historical averages?

"The current US inflation rate chart shows the monthly and annual inflation rates from January 2025 to the latest available data. As of January 2025, the monthly inflation rate was 0.5%, and the annual inflation rate was 3.0%."

#15 | Posted by snoofy at 2025-02-27 01:24 PM

#8

I worry about 1NumbNut... really I do. He must be shell shocked by all the comments that fly over his head SO fast. Perhaps it keeps the fleas offa his head, though.

#16 | Posted by Corky at 2025-02-27 02:32 PM

The US Economic Policy Uncertainty Index is at its highest level since 2000, higher than during the Financial Crisis, higher than during COVID

bsky.app

#5 | Posted by reinheitsgebot

THIS. Companies are all going into recession or even depression plans. Cuts and layoffs everywhere. I have said it before my company is a manufacturing bell weather. When our orders drop we know planned production is slated to decrease or even cease. Uncertainty destroys economies and businesses learned a lot about upheaval events in the past 25 years. This is both unnecessary and unpredictable upheaval. I personally believe it is the plan to destroy this country.

#17 | Posted by GalaxiePete at 2025-02-27 02:55 PM

"Companies are all going into recession or even depression plans"

This question was raised on our last leadership call. What is the leadership plan for recession? LOL.

Another question was, are we ditching DEI. We are not. But we can't call it "DEI" any more because of the Executive Order laden with material consequences for engaging in diversity, equality, and inclusion. So instead we will pursue setting aside our differences to come together and celebrate our individual talents. Or whatever -------- the lawyers say is okay.

#18 | Posted by snoofy at 2025-02-27 03:01 PM

Josh Marshall
@joshtpm.bsky.social
Remembering how a lot of smart folks were saying Ds were F'd because Trump would come in and just ride Biden's humming economy and claim all the great numbers as his own. Well ...

bsky.app

#19 | Posted by reinheitsgebot at 2025-02-27 04:29 PM

Corky is a crack!

#9 | POSTED BY ONEIRONAUT AT 2025-02-27 01:12 PM | REPLY | FLAG:

Pot

#20 | Posted by lfthndthrds at 2025-02-27 04:54 PM

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