Posted on 07/10/2009 2:55:02 PM PDT by Kartographer
The report in the week just ended on new claims for unemployment insurance was at first blush positive, showing initial claims dropped below 600,000 (to 565,000, the lowest level since January) but a glimpse behind the curtain revealed some anomalies to the numbers -- at least one of which will be repeated in the next report.
(Excerpt) Read more at foxbusiness.com ...
I think the media’s Michael Jackson TV extravaganza had a lot of people parked on the couch this week instead of going to the unemployment office. Now that the Michael Jackson celebrations are over, I think we’ll see a big increase in the numbers next week.
They know those employment numbers are in the double digits and they know it’s their fault.
Why does this remind me of the 1984 section - chocolate rations were cut, a month later, praise for raising it to the new low?
I am sorry, Is this 565,000 new claims this week?
That is more than 2,000,000 a month,. What am I missing.
What’s really stunning is the deficit numbers in the article.
$50 bil projected for June.
I’m old enough to remember when that much in a YEAR was cause for conniption......
Darn Bush it is all his fault!
Amazing, isn’t it?
What is everyone’s best guess as to when hyper-inflation might come to our currency?
Depends on when the proverbial string on the ball of yarn starts unraveling big time.
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