Jobs Picture Remains Ugly as Weekly Claims Still High [428k!]

CNBC ^ | 06-30-2011 | Staff

[Red Badger]

The number of Americans seeking unemployment benefits was mostly unchanged last week, evidence that the struggling economy isn't generating many jobs.

Unemployment line The Labor Department says unemployment benefit applications ticked down 1,000 to a seasonally adjusted 428,000.

Applications have topped 400,000 for 12 straight weeks.

[sanjuanbob]

And the market gained 600 points this week...

[decisis]

Yeah, the jobs picture is as ugly as that picture of Obama looking like Mussilini.

[JudgemAll]

Yep, mission creep, harassment of businesses and stealth disturbances leading to rape and destruction, is the W.H. m.o. This is going to go cornered snarling dogs, Khmer Rouge style.

[familyop]

"This is hugh and series! A week that wasn't revised up!"

Yep. Government at all levels, importers and merchants are wanting oil and food (freight fuel, tourism, consumerism, etc.) to go down, so they can more easily continue the debt regime. The Fed is investing another $330 billion in treasuries after QE2 is all dried up, and Congress is left to decide whether to radically cut spending (and government employees in their programs) or raise the debt ceiling (while everyone's distracted with the next BS propaganda shower).

Prepare, and become more self-sufficient. Have fun. Enjoy the slide.

[familyop]

Oh...and oil is still up, and the dollar, down. Goldman’s screeching that food will go down, but I doubt it, except for corn (recent bill in Congress to end subsidy).

[kearnyirish2]

“the jobs picture is as ugly as that picture of Obama looking like Mussilini.”

I’m not even Italian and I find that offensive; take it back.

: )

[familyop]

"The jobs economy is not going to change until there is a President who hears the SUCKING SOUND of jobs exported in trade deals."

That was Rep. Duncan Hunter, and the controlling constituents of the GOP/RNC gave a mouthy "no" to him being nominated. So avoid unnecessary personal spending, become more self-sufficient, and give the favored constituents a good push toward their spending and the default that they're seeking. Then support better leadership in business, politics and academia, while the wasteful, lazy, vain ones are down.

[jennings2004]

Oh no! Not another one! The “apology line” forms to the right..../s

[jennings2004]

Oh, I heard it snowed in the western mountains...is that enough to be the cause of a weaker than water economy?/s

[jennings2004]

After the bombed “press exercise” investors have decided that this guy will not be reelected and the replacement will be wise enough to bring a change in the direction we are now going...just saying.

[decisis]

You’re right; what I meant was it’s the same smug look Mussilini had on his face, but compared to O, Mussilini was rather handsome.

[Clairity]

Optimistic Obama: “I Got Five-And-A-Half Years More To Go”

http://www.freerepublic.com/focus/f-news/2742628/posts

“It’s only been two and a half years. I got five and a half years more to go,” Obama said at a fundraiser in Philadelphia on Thursday night.

[Darkwolf377]

“It’s only been two and a half years. I got five and a half years more to go,” Obama said at a fundraiser in Philadelphia on Thursday night.

I'd really love to have interviewed folks in the audience who were applauding this. I have a feeling they were of the "Obama's gonna give me money--Obama money!" mindset, because that's the only type of person who can see this administration as anything but a catastrophe.

I mean, putting aside those deriving their money from either a government job or a handout, who thinks this guy has done a good job? (Aside from those who think we 'deserved 911' and who think one-world government is a good thing.)

[screaminsunshine]

He has already beaten out Carter.

[screaminsunshine]

The first thing to help would be elimination and destruction of anything and everything “Green”.

[Norm Lenhart]

When history looks back on the disaster that is the Obama presidency - unkindly, you can bit that is the photo they will juxtapose...just as with Mussolini.

[Norm Lenhart]

Or even bet! ;)

[Darkwolf377]

“Where are the jobs, Mr. President?” - Pelosi, when unemployment was 6%.

[cynwoody]

Yeah, the jobs picture is as ugly as that picture of Obama looking like Mussilini.

Obama is no Mussolini (fortunately). Benito, at least, could address the American people, from Alaska to Florida, in English without a teleprompter.

http://www.youtube.com/watch?v=tTXhez2mNmM

[eyedigress]

Pelosi was hammering Bush when unemployment was at 5%. Democrats are full of crap.