First Time Unemployment Claims Higher Than Expected - Energy And Food Prices Up Sharply
For two weeks in a row now, first-time filings for unemployment insurance came in higher than expected by analysts. After a disappointing increase last week of 30,000 in such claims the week before, it was reported by the Labor Department this morning that first time weekly filings came in at 353,000 when analysts were expecting the weekly figure to fall from 360,000 to 340,000. At the same time, wholesale prices jumped in March, with energy and food prices increasing the most.
Better call the Saudis George.