Jobless Claims Rise

Unexpectedly.

Claims for unemployment insurance unexpectedly rose last week, climbing past the psychologically important 400,000 mark as the jobs market showed signs of more weakness.

Weekly applications for unemployment benefits rose 6,000 to a seasonally adjusted 402,000, the Labor Department said Thursday. Applications had been below 400,000 for three straight weeks. 

The four-week average, a less volatile measure, was mostly unchanged at slightly below 400,000. 

Maybe these financial firms should hire me. As long as Obama remains in the White House, I expect nothing but bad economic news.