Perpetual Surprise
Whether unemployment goes up or down, whether the statistic is for the U.S. or overseas, whether it repeats a pattern or reverses direction, there is one unifying factor in the headlines. A modest sampling:
“New Unemployment Claims Rise Unexpectedly to 627,000” – FoxNews (AP), June 25, 2009
“German Unemployment Unexpectedly Declined in October” – Bloomberg, Oct. 29, 2009
“New unemployment claims fall unexpectedly for fifth straight week” – NY Daily News, Dec. 3, 2009
“U.S. unemployment unexpectedly drops in November” – KGW.com, Dec. 4, 2009
“U.K. Unemployment Unexpectedly Falls for First Time Since February 2008” – Daily FX, Dec. 16, 2009.
“Unemployment claims rise unexpectedly” – CNNMoney, Dec. 17, 2009
“Treasury prices fall as unemployment claims fall unexpectedly” – AP, Dec. 31, 2009
“Unemployment Claims Fall Unexpectedly” – Los Angeles Times, Jan. 1, 2010
“New jobless claims rise unexpectedly” – MSNBC, Jan. 21, 2010
“Initial unemployment claims rose unexpectedly last week” – AP, Feb. 4, 2010
And today we learn from the AP: “First-time jobless claims rise unexpectedly.” Yes, that’s a shocker.
But at least we can certain about the weather in 2050.
