Initial claims for U.S. state unemployment benefits rose by an unexpected 51,000 to 454,000 in the January 22 week, a level not seen since the October 30 week of last year when claims came in at 459,000, the U.S. Labor Department reported Thursday.Much easier to blame the weather rather than Obama's failed economic policies. But the state of the union is strong or something. It'll be curious what kind of snow job the media will come up with when the weather improves and job numbers do not.
A Labor Department analyst said the large increase in seasonally adjusted claims was due to two reasons. The first is the "normal" seasonal factor volatility, the second is that four states reported an increase in claims "that was due to snow effects."
Curious how this was the same excuse used last February.