Jobless claims May 27, 2010, Labor Department report 8:30

The Jobless Claims Reports for the week will be released by the US Department of Labor today, May 27, 2010 at 8:30. Will the report show a drop this week instead of another increase like last week’s 25, 000? What is the real unemployment rate? It is certainly higher than 9.9%. Hundreds of thousands of high school and college graduates are entering the job market. What impact will that have?  Here is a possible reflection of the new figures.

From Real Clear Markets.

“The number of people filing new claims for unemployment benefits likely fell last week.

Economists surveyed by Thomson Reuters expect new applications for unemployment benefits will show a drop of 16,000 to a seasonally adjusted total of 455,000. The Labor Department will issue the report at 8:30 a.m. Thursday.

New claims had risen unexpectedly by 25,000 the previous week, the biggest increase in three months and the first rise in five weeks. It pushed the claims level to 471,000.

The surge was seen as further evidence of how volatile the job market remains, even as the economy grows.”

Read more:

http://www.realclearmarkets.com/news/ap/finance_business/2010/May/27/ahead_of_the_bell__jobless_claims.html