That will be no help. The government is working overtime hiring for new positions like crazy!
Reagan has already shown us the way out of this wilderness, not a perfect solution, certainly not Jesus coming with the new Jerusalem, but a way back to prosperity. It isn’t a way Obamao and the Pelosicrats will ever take. They are going to destroy what is left, or die trying.
These numbers boggle my mind. 502,000 first-time claims in a week? That’s half a million people. And that is down from the previous week, also over half a million people. Presumably, there were half a million claims each week for at least thw previous two weeks, so that equates to 2 million people filing first-time claims in a month. That is a lot of freaking people! In a country of 350 million, how do we not notice 2 million filing unemployment claims in a month? It seems to me that a lot of numbers have to be fudged in order to proclaim that the economy is improving.
The IRS should be able to tell us precisely how many people they are getting withholding from.
It would be interesting to see the exact number of jobs two years ago, last year this time, and right now.
This new claims every week thing is meaningless in the overall scheme of things. Just how many jobs have we lost?
How many private sector jobs are there today? How many government jobs are there today? What have been the trends over the last two years, as if I didn’t have a pretty good idea already.
As a small business owner in Michigan would someone please explain to me how I can make a prudent business decision to hire someone (even if I needed them) until it is apparent what my tax base will be once they complete Health Care and Cap & Tax? Am I the only one that is hesitant to make this decision?
Losing 2 million jobs a month, pretty soon that’s a lot of jobs. In the last 12 months, how many jobs have been lost?
This year the figure has held at about the 500k per week mark almost all year. For 52 weeks, that would be about 26 million jobs. Surely that can’t be accurate can it?
This is the new normal Obama ushered in.
The age of ‘corporatism’ has arrived!
I have seen the 450K number bandied about. How accurate is even that one? If it was based on a inventory recession like we've had before, it might be true, but this is a Debt Recession, which has an excellent, if not pre-ordained chance of becoming a Depression.
In the past we've had "Panics", which the politicians renamed "Depression". Wonder what they're gonna call this coming Whopper?