Posted on 02/12/2015 9:42:50 AM PST by fhayek
ASHINGTON (MarketWatch) — The number of people who applied for unemployment benefits topped the 300,000 mark in early February for the fourth time in the past six weeks, a sign that the pace of layoffs is starting to level off after an extended decline.
Initial jobless claims increased by 25,000 to 304,000 in the seven days from Feb 1 to Feb. 7, the Labor Department said Thursday. Economists polled by MarketWatch had expected claims to rise to a seasonally adjusted 296,000.
(Excerpt) Read more at marketwatch.com ...
Bottoming out after a long period of decline. Looks to me like the 'recovery' is running out of steam. Most real recoveries only last what, five, six years anyway. This was the best recovery $7 trillion of new debt could buy.
” This was the best recovery $7 trillion of new debt could buy. “
And for many, it wasn’t any kind of recovery.
The recovery was mediocre, but the debt will live on and on.
By concentrating on new unemployment claims the federal government is able to distract attention from the many millions who are unemployed, no longer eligible for unemployment, still seeking work, but not counted as unemployed by the government.
The Regime is concerned that the protected class of undocumented workers is affected.
Obviously we’re starting to see the devastating effects of more right-wing radical obstructionist Republicans in Congress.
Unexpected
No problem, just take more people out of the workforce and the unemployment rate will still drop.
Good, according to Pelosi, unemployment benefits are stimulating the economy.
What recovery? The Obama economy at work. Today he attacked Staples.
“The number of people who applied for unemployment benefits topped the 300,000 mark in early February for the fourth time in the past six weeks, a sign that the pace of layoffs is starting to level off after an extended decline.”
The regime tries to put a happy face on this, saying greater unemployment numbers is actually a positive sign, since this means people who had previously given up on looking are now out there looking because things are really rosy now.
Could some of this be the layoffs in the oil industry?
” The Regime is concerned that the protected class of undocumented workers is affected.”
Yeah, and the Democrats are concerned too.
Lots of people took an early retirement, many earlier than they had planned.
There is one increase in unemployment which would be a good sign — flooding the market with bureaucrats and government agents from any and all federal agencies which are not either directly commissioned by the Constitution or carrying out the direct obligations laid on the federal government thereby.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.