First-Time Jobs Claims Up Again; Increase By A Staggering 16,000; Economy Still On Track -- Reuters

Reuters is reporting:

The number of Americans filing new claims for unemployment benefits rose last week, a potentially worrisome sign for the economy although the level still pointed to ongoing healing in the labor market.

Other data on Thursday showed prices for U.S. imports and exports fell in June for the fourth straight month, hit by cooler economic growth worldwide.

Initial claims for state unemployment benefits increased by 16,000 to a seasonally adjusted 360,000, the Labor Department said.

Analyst: "it's a bit worrisome."

An understatement. 

Going on five years now.

But here's the real story buried well into the article: analysts had expected the number to drop to 340,000. So, instead of dropping to 340,000, it rose to 360,000, Wow.