Posted on 06/30/2011 6:06:31 AM PDT by Red Badger
Edited on 06/30/2011 6:07:38 AM PDT by Admin Moderator. [history]
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.
(Excerpt) Read more at cnbc.com ...
Worst President ever? Obama has my vote.
Hey, it’s gonna take a while. Chill out, the Messiah promises utopia is just around the corner.
Aren’t we eventually going to run out of people trying to collect unemployment? Then the numbers will drop. ;-)
“The number of Americans seeking unemployment benefits was mostly unchanged last week, evidence that the struggling economy isn’t generating many jobs.”
Indeed liberal propagandist, the “struggling economy” (read that strangled economy) is shedding jobs...everyone knows that, your propaganda will not work in an informed public...
“Unexpected”?
Seems to me that everything is going as the WH planned.
This is hugh and series! A week that wasn't revised up!
” This is hugh and series! A week that wasn’t revised up! “
The dog ate my revision??
“This is hugh and series! A week that wasn’t revised up!”
I noticed that, expect to White House to laud “we have turned the corner”!
From WSJ
http://online.wsj.com/article/SB10001424052702304584004576417480141856832.html
“Economists generally think the economy is adding more jobs than it is shedding once the weekly claims figure falls below 400,000. Claims have been above that level since the week that ended April 9.”
Isn’t that 400,000 figure a bit high?
Eventually everyone’s unemployment checks run out, then we have full employment...........
They will skip a week, because next week is a 4 day week, so that it won’t look as bad..........
From your WSJ link:
The data was worse than expected. Economists surveyed by ...
I was able to Google “jobless claims” to get the whole WSJ article which contains the quote I posted. It seems that the meat of the article is NOW behind the paywall. Still, that 400,000 figure I quoted accurately seems high.
Why do you think it seems high?
It fits the pattern..........
IIRC ‘twasn’t that long ago that the figure was 325,000-350,000
This is unexpected and Bush’s fault.
Yes, just a couple of months ago.
That was when the WH was jumping for joy touting their ‘accomplishments’ and saying things were getting better because of their policies.
But it seems that period was the anomaly, not the trend.....
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