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New jobless claims up [588,000], continued claims a record
Reuters ^ | Jan 29, 2009

Posted on 01/29/2009 6:11:51 AM PST by TomGuy

Initial claims for state unemployment insurance benefits increased to a seasonally adjusted 588,000 in the week ended Jan 24 from a revised 585,000 the prior week, the Labor Department said.

(Excerpt) Read more at reuters.com ...


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: bho44; layoffs; obamaeconomy
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To: TomGuy

THIS is what we had in ‘06 when dim-0s were running for control of congress promising “CHANGE.” How’re yall liking the “CHANGE?”

2006 unemployment #s
4.7...jan.
4.8...feb.
4.7...march
4.7...april
4.7...may
4.6...june
4.7...july
4.7...aug.
4.5...sep.
4.4...oct.
4.5...nov.
4.4...dec.

data.bls.gov/PDQ/servlet/...

www.icmarc.org/xp/rc/mark...

The 1st quarter of ‘06 saw 4.8% growth in GDP. Then came dim-0s running for control of congress promising “CHANGE.” They won, and after 2 years in power, things HAVE “CHANGED” GDP growth is now -6%. Happy with your “CHANGE?”


41 posted on 01/29/2009 8:45:19 AM PST by weezel
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To: Kleebo151

>>I don’t think that jobless claims for a week ending four days after the inauguration should be blamed on Obama.

I don’t trust the stimulus but let’s be realistic.<<

I’m blaming 0bama if a cat gets run over. I’m giving these sob’s the same as they gave George Bush.


42 posted on 01/29/2009 8:48:46 AM PST by unkus
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To: Nathan Zachary

With free abortions why do I even need the condoms?


43 posted on 01/29/2009 9:01:21 AM PST by for-q-clinton (If at first you don't succeed keep on sucking until you do succeed)
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To: TomGuy

My brother naively asked me the other day when will Obama start to get credit or blame for the economy. I explained to him it’s rather simple...he’ll take all of the credit for anything good and blame everything bad on Bush.


44 posted on 01/29/2009 9:02:24 AM PST by mainepatsfan
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To: unkus

“I’m blaming 0bama if a cat gets run over.”

Don’t you mean crediting him? (Apologies to any cat lovers here, I just like cat jokes)


45 posted on 01/29/2009 9:08:23 AM PST by Texan Tory
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To: TomGuy

The number of jobless claims is very large right now. It’s the largest on record. What people may want to keep in mind, is that the populace has grown significantly since the last time we had even a moderate downturn in the economy. The figure is a record, but it’s size is somewhat population driven.

The workforce is much larger today than it used to be. So when 7% (I don’t know what it actually is right now, but I believe this is close) are unemployed, more people are unemployed than with the smaller workforce years ago.

The percent is the figure that we should keep a watch on, not the specific numbers. And seven percent, while not very good, isn’t an extremely high number.

California has high eights or a low nine percent unemployment right now, and a few other state bump it from the top spot. That’s getting way too high.


46 posted on 01/29/2009 9:15:29 AM PST by DoughtyOne (D1: Home of the golden tag line: 01/22/09 Obama hands the hope of the unborn to terrorists.)
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To: Blood of Tyrants

Very sorry to hear that BOT. Good luck to you.


47 posted on 01/29/2009 9:16:48 AM PST by DoughtyOne (D1: Home of the golden tag line: 01/22/09 Obama hands the hope of the unborn to terrorists.)
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To: TomGuy

Next we’ll be hearing about Obamavilles.

Or not.


48 posted on 01/29/2009 9:17:10 AM PST by <1/1,000,000th%
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To: meandog
where’s the soup line?

No soup for you!


49 posted on 01/29/2009 9:23:23 AM PST by magooey (The Mandate of Heaven resides in the hearts of men)
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To: TomGuy

The democrats won’t admitt this publicly, but privately there are enjoying these layoffs and unemployment upticks.

The democrats and liberals in general LOVE bad news because it makes them and their useless government programs feel important.


50 posted on 01/29/2009 10:50:23 AM PST by Le Chien Rouge
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To: Blood of Tyrants

God be with you, and may this turn out for your benefit in the long run. We just had our 5th round of layoffs (since August) ourselves today. This is just miserable.


51 posted on 01/29/2009 12:27:26 PM PST by Liberty1970 (Democrats are not in control. God is. And Thank God for that!)
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To: Kleebo151
I agree, but Pelosi and Reid are fair game.
52 posted on 01/29/2009 2:36:36 PM PST by TwelveOfTwenty
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To: TomGuy

Don’t forget that the workforce has increased by 50% since 26 years ago when the last “record” unemployment numbers at this level were announced.

Lying with statistics...


53 posted on 01/29/2009 3:29:05 PM PST by AlanGreenSpam (Obama: The First 'American IDOL' President - sponsored by Chicago NeoCom Thugs)
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To: Liberty1970

God has always been with me. Even when I thought I didn’t need Him any more. I’ll come through fine. Thank you for your concern. I pray that your company can turn around and rehire their employees.


54 posted on 01/29/2009 5:24:51 PM PST by Blood of Tyrants (The problem with socialism is that you eventually run out of other people's money. Margret Thatcher)
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To: TomGuy
Bad times coming.
55 posted on 01/29/2009 5:25:57 PM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: Le Chien Rouge

There are problems only government can solve!

Is that the mantra they’re looking for?


56 posted on 01/29/2009 5:30:59 PM PST by Baladas ((ABBHO))
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To: TomGuy
JOBLESS CLAIMS SOAR UNDER 0BAMA!
57 posted on 01/30/2009 5:41:18 AM PST by Tainan (Where's my FOF Indicator?)
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To: Thermalseeker
Yeah. Where's my pie?
58 posted on 01/30/2009 8:52:04 PM PST by hinckley buzzard
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