Jobless Claims Rise Again; Economists Blame Cesar Chavez
Weekly jobless claims for last week rose by 24,000 to 484,000, the Department of Labor reported today.
For the week of March 27, another 260,000 people joined the ranks of the long-term unemployed.
What the heck is going on?
It’s Cesar Chavez’s fault, say Bloomberg and the WSJ.
The Wall Street Journal quotes an anonymous Labor Department economist:
A Labor Department economist said Thursday that this latest rise can also be pegged to lag effects from the spring holidays including Easter and Cesar Chavez Day, which is celebrated in worker-heavy California.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
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