Jobless claims soar

[Bindare_Dundat]

NEW YORK (CNNMoney.com) -- The number of Americans filing for unemployment insurance for the first time jumped last week, according to government data released Thursday.

There were 460,000 initial jobless claims filed in the week ended April 3, up 18,000 from an upwardly revised 442,000 the previous week, according to the Labor Department's weekly report.

[Soul Crusher]

Cue in Benny and 240 with the kneepads. 

[Straw Man]

I believe expectations were for ~ 434k so it's hardly a shocking #

certainly not good by any standard but not a suprise and doesn't really justfy as "soar"

[BM OUT]

How can the UE number go up almost every week,the private sector lose 24,000 jobs when it was expected to gain 40,000.and then last week we hear there was an increase in job growth.I dont get it.How do they count these things.I cant recall any month where three of the weks werent new higher unexpected job loses yet then we hear jobs grew.I dont understand the counting method.