Media economists flabbergasted again

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.

Jon Sanders / Director of Regulatory Studies

Jon Sanders studies regulatory policy, a veritable kudzu of invasive government and unintended consequences. As director of regulatory studies at the John Locke Foundation, Jo...

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