This number is a result of lay-offs, furloughs, and strike, nothing else.
ping
Wow... that’s unexpected!
Helicopter Ben knows that this is a phony “recovery” and has just refilled the punch bowl for Wall Street’s long party. Druckhammer on CNBC this morning said that this is the greatest transfer of wealth in history, from the Middle Class to the wealthy.
Only because the Middle Class is made up of passive tax drones can the government continue to get away with gutting the taxpayer class to ensure that Wall Streeters can keep their massive party going.
So, with the taper off the table does the DJIA react to this as good news, bad news, no news, all lies?
Initial Claims Data Worthless For 2ND Week Due To Ongoing “Computer Upgrade” Glitches
http://www.freerepublic.com/focus/f-news/3068598/posts
Two states did not report again... just like last week.
Not to mention the number WILL be revised upward next week. I believe the number has been revised upward for every single week of Zero’s administration.