Those pesky “unexpected” numbers
Today’s headline: New home sales unexpectedly fall in December
Sales of newly built U.S. single-family homes fell unexpectedly in December, data showed on Wednesday, the latest indication that the government-led housing recovery might be losing some steam.
The Commerce Department said sales fell 7.6 percent to a 342,000 unit annual rate from an upwardly revised 370,000 units in November. It was the second straight month that new home sales declined.
Last week, jobless claims “unexpectedly” worsened: Jobless Claims in U.S. Unexpectedly Rise on Backlog
More Americans than anticipated filed claims for unemployment benefits last week, reflecting a backlog of applications from the year-end holidays.
Initial jobless claims rose by 36,000 to 482,000 in the week ended Jan. 16, the highest level in two months, from 446,000 the prior week, Labor Department figures showed today in Washington.
Considering we’re in a recession, and the Obama administration continues to castigate private business, it’s difficult to ascertain why the above three rose “unexpectedly“. It is to be expected.