Posted on 02/18/2010 9:00:35 AM PST by CaroleL
An article from Reuters this morning claimed "The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week" which begs the question exactly who's doing the expecting? Anyone living outside the government bubble and the ivory towers of academia knows that the job market is not improving and the recovery that President Obama is constantly bragging about has not reached the working (or suddenly not working) class of America.
(Excerpt) Read more at talkingsides.com ...
Need better expecters... LMAO!!
Btttttttttt, Corporate earnings are improving so the economy must be getting better. Or could it be that:
1. Entities, like utilities, are finally having to do the maintenance they’ve been deferring. Or—
2. Companies are finally realizing savings from layoffs and that is making their bottom look better even though their business is not improving.
I am not an economist. But with nationwide unemployment probably at around 15%—and with housing, retail and car sales in the toilet—who exactly is creating the demand that is fueling corporate net earnings?
Wow. This article is unexpected.
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