Posted on 10/28/2010 2:26:40 PM PDT by Baladas
America's bedraggled labor market got a boost today with the latest weekly initial jobless claims unexpectedly plunging 21,000 to 434,000 -- their lowest level since July. A Bloomberg survey had expected the report to show a total of 455,000 new claims. Last week's total was revised 3,000 higher to 455,000.
Perhaps even better, the four-week moving average declined 5,500 to 453,250. Economists emphasize this measure because it smooths out anomalies due to holidays, strikes, weather-related layoffs and other temporary factors.
Continuing claims also plummeted, by 122,000 to 4.36 million. Some of that decline reflects Americans whose benefits have been exhausted, but some of it also those who have found work.
(Excerpt) Read more at dailyfinance.com ...
“LOL, they even use the word “unexpectedly” in the opening paragraph *drink* “
They numbers will “unexpectedly” adjust upwards on Weds after the vote.
I had to stop drinking “unexpectedly”. I was becoming as drunk as Obama is.
No, no, no....these numbers are completely true....they are the result of Obama hiring millions of phantom voters for the 2010 midterm and 2012 elections!
434,000 layoffs per week is the lowest number in three months? And they’re trying to spin this as good news? That’s horrible.
The October surprise!!
The numbers are dropping for unemployment here in Ohio. They call me about a job saying that their bennies have run out .
I’ll say it again. If you’ve waited until your benefits have run out to call me, I would never hire you.
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