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Missing Jobless Claims from California Solved

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  • Description

    FBN's Peter Barnes weighs in on the initial jobless claims report.

  • Duration 1:51
  • Date

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-- Says morning's initial jobless claims report indicated that 369000.

People filed for first time benefits last week.

Is an indication of just how challenging her recovery is Peter Barnes is in Washington with more -- this Peter.

Well that's right Melissa and that number is about what's came in about as expected but it shows that the labor markets continue to struggle here that is going to be a grind -- to get the unemployment rate.

Down but we did see this week went out.

This volatility.

That is -- picking up some dust in the last month or so claims were down sharply.

Last week after some ups and downs and and those ups and downs or -- common.

And -- -- California which had denied any problems.

In processing.

It's claims but these numbers very sensitive in this election year we have seen some.

These big decline for example these jobless weekly numbers came before one of the presidential debates that we had the monthly report that showed the big drop in the unemployment rate so folks watching these numbers very closely Melissa.

Yeah and Peter understand we found the missing claims from California that -- a cause for concern earlier this month I mean.

And they DO not bad.

Well you're right those finally showed up in today's report jobless claims via the -- Golden State.

Popped 27000.

In the week ended October 13 to cut the estate saying because of layoffs in the service sectors.

But get this that California officials say that for it system.

This happens around the start of the new quarter and for some reason this year start of the new quarter on October 7.

Not on October 1 Labor Department officially says the state is doing nothing wrong here has discretion and all of this so.

-- staying active yeah I and that brats your -- thank you so much.

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