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Layoffs climb as housing slump deepens
AP ^ | Thursday July 1, 2010

Posted on 07/01/2010 5:50:24 AM PDT by Bigtigermike

WASHINGTON — Initial claims for unemployment benefits rose last week for the second time in three weeks, a sign that layoffs are rising.

The Labor Department says new claims for jobless benefits jumped by 13,000 to a seasonally adjusted 472,000. Analysts expected a small drop, according to a survey by Thomson Reuters.

Greater layoffs by construction firms contributed to the increase, a Labor Department analyst said. Home sales slumped last month after the expiration of a popular homebuyer tax credit. Summer layoffs in many school districts also added to the total.

(Excerpt) Read more at msnbc.msn.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: economy; elections; fail; obama; unemployment; unexpectedly
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UNEXPECTEDLY!!
1 posted on 07/01/2010 5:50:27 AM PDT by Bigtigermike
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To: Bigtigermike

Do they ever “expect” anything?


2 posted on 07/01/2010 5:51:00 AM PDT by ilovesarah2012
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To: Bigtigermike

Thursday’s = UNEXPECTED


3 posted on 07/01/2010 5:54:25 AM PDT by Road Warrior ‘04 (I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
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To: Bigtigermike

Predictably unexpectedly.


4 posted on 07/01/2010 5:55:43 AM PDT by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: Bigtigermike

Fail.


5 posted on 07/01/2010 5:56:55 AM PDT by pnh102 (Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
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To: Bigtigermike

I’m unexpectedly shocked!

Not.


6 posted on 07/01/2010 5:58:54 AM PDT by bgill (how could a young man born here in Kenya, who is not even a native American, become the POTUS)
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To: Bigtigermike

A minute ago, the title of this article was “Unemployment Raises Unexpectedly,” but I went back later and the title of the article had changed to “Layoffs Climb as Housing Slump Deepen.” Anyone else notice that they changed the title?


7 posted on 07/01/2010 6:03:37 AM PDT by JaguarXKE
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To: Bigtigermike

Somehow they will manage to massage the numbers so that unemployment doesn’t go above 9.99999%.


8 posted on 07/01/2010 6:05:16 AM PDT by stayathomemom (Beware of cat attacks while typing!)
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To: JaguarXKE

Sorry, the previous title was “New jobless claims rise unexpectedly.” But it has changed. The word unexpectedly is no longer in the title.


9 posted on 07/01/2010 6:05:34 AM PDT by JaguarXKE
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To: Bigtigermike

If they ever get serious about cutting spending, they need to start with the Bureau of Labor Statistics - where everything is “unexpected”.


10 posted on 07/01/2010 6:05:40 AM PDT by The Sons of Liberty (The usurper 0bama regime is a "Clear and Present Danger" to AMERICA! - Mene, Mene, Tekel, Upharsin)
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To: Bigtigermike

They should just copy that headline in the clipboard. Would save ‘em some typing.


11 posted on 07/01/2010 6:06:47 AM PDT by Tribune7 (The Democrat Party is not a political organization but a religious cult.)
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To: Bigtigermike

I was not expecting this. /sarc


12 posted on 07/01/2010 6:09:53 AM PDT by alicewonders
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To: Bigtigermike

You keep using that word... I do not think it means what you think it means...


13 posted on 07/01/2010 6:11:44 AM PDT by Namyak (Oderint dum metuant)
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To: Bigtigermike

S O B!! I’m waiting to be next in line...


14 posted on 07/01/2010 6:14:24 AM PDT by Fawn (I LOVE Arizona!)
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To: Tribune7

When Bush created 300,000 jobs per month it was the worst economy since Hoover and we were sliding into a depression. Obama loses 400,000 jobs per month and it is called a recovery.

And the sheeple buy into this crap.


15 posted on 07/01/2010 6:15:25 AM PDT by EQAndyBuzz (Conservatives are producers. Liberals are parasites)
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To: Bigtigermike; BenLurkin
UNEXPECTEDLY!!

It's a little early in the day, but what the heck...

16 posted on 07/01/2010 6:21:08 AM PDT by Nervous Tick (Eat more spinach! Make Green Jobs for America!)
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To: Namyak
Hallow! My name is barack hussein obama, you capitalists suck, prepare to socialise! ;-/

Seriously though, I don't doubt they removed the word "unexpected" from a report on higher unemployment. With Reid, Pelosi, and obama in power, businesses failing and job loss is to be expected. It is the socialist way: big government, not big business big economies.

17 posted on 07/01/2010 6:25:06 AM PDT by ThunderSleeps (obama out now! I'll keep my money, my guns, and my freedom - you can keep the change.)
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To: ilovesarah2012
Do they ever “expect” anything?

The all-Dem-all-the-time media came to always expect and trumpet the worst back in GWB's days, but they still believe Obama might call 'em again and allow them to take him out for another date, their treat.
18 posted on 07/01/2010 6:26:03 AM PDT by flowerplough (Hey, Hillary, hey, Bammy! On Petraeus, you change your mind like a girl changes clothes.)
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To: Namyak
You keep using that word... I do not think it means what you think it means...

lol...


19 posted on 07/01/2010 6:28:07 AM PDT by Stand Watch Listen (It's the 'Land of Opportunity'... NOT... the 'Land of Entitlements'!!!)
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To: Bigtigermike

EXPECTED UNEXPECTEDNESS as EXPECTED.


20 posted on 07/01/2010 6:29:43 AM PDT by Revolting cat! (Let us prey!)
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