U.S. jobless claims unchanged at 374,000 - MarketWatch

U.S. jobless claims unchanged at 374,000 - MarketWatch

 U.S. consumer spending climbs 0.4% in July - MarketWatch

Some key points

Initial claims from two weeks ago were revised up to 374,000 from an original reading of 372,000, based on more complete data collected at the state level.
The average of new claims over the past month, which smooths out short-term volatility, rose by 1,500 to 370,250.
Claims have shown almost no improvement after falling to a four-year low in February, reflecting a slowdown in the U.S. economy that’s prompted businesses to scale back hiring plans. The nation has added an average of only 104,000 jobs a month from May through July, less than half the number of positions created in the late winter.
In August, the economy is expected to add about 120,000 jobs, based on the latest MarketWatch survey of economists. That’s barely enough to keep up with the natural growth of the labor force and falls well short of what’s needed to make any headway in reducing the nation’s stubbornly high unemployment rate

About 5.53 million people received some kind of state or federal benefit in the week ended Aug. 11, down 62,253 from the prior week. Total claims are reported with a two-week lag.

I see no reason why we should not give this president another 4 years.Maybe we can lose 2 million jobs a month instead of 1.2 million. CHANGE!

F = FAILURE.