Have You Seen My Bush Boom? New Jobless Claims Increase

From Holden:

The “I Didn’t Do It” administration blames the hurricanes:

First-time claims for state unemployment aid increased by 14,000 to 350,000 in the week ended Sept. 18 from a revised 336,000 the prior week, the Labor Department said in its weekly report. Wall Street economists had forecast the level of claims would rise to a smaller 340,000.

[snip]

A four-week moving average of initial claims, which smoothes short-term volatility, edged up to 341,000 from 339,000 — still a level that economists associate with moderate hiring.

The number of people who remained on state unemployment rolls after claiming an initial week of jobless claims edged up to 2.88 million.

Link.