Media economists flabbergasted again

Posted on September 20, 2012 at 10:45 am, by

Bloomberg is reporting today that “More Americans Than Forecast Filed Jobless Claims.”

As expected, the bad news was unexpected:

More Americans than forecast filed applications for unemployment benefits last week, adding to concern the labor market is slackening.

Jobless claims decreased by 3,000 in the week ended Sept. 15 to 382,000, Labor Department figures showed today in Washington. The median forecast of 49 economists surveyed by Bloomberg projected 375,000.

Written by

Jon Sanders (twitter.com/jonpsanders) is Director of Regulatory Studies at the John Locke Foundation. A columnist for TownHall.com, Sanders has also been published in The Wall Street Journal, National Review, ABC News online, FrontPage Magazine, the San Francisco Chronicle, The Freeman: Ideas on Liberty, the Philadelphia Inquirer and numerous newspapers throughout North Carolina. A native of Garner, N.C., Sanders has been an adjunct instructor in economics at North Carolina State University, and he holds a masters degree in economics with a minor in statistics and a bachelors degree in English literature and language from N.C. State.

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