Don’t get too upset with this report people its “jobless claims” aka claims for unemployment benefits. It has no direct relation to real unemployment. Means more people’s benefits expired then people who had jobs lost them and applied to replace the ones dropping off the unemployment benefit roles.
It does not mean more people have jobs, it does not mean the economy is improving. It really is a meaningless statistic.
“Don’t get too upset with this report people its “jobless claims” aka claims for unemployment benefits. It has no direct relation to real unemployment.”
That’s right; it is a very misleading headline (deliberately). No worries; the un- and under-employed know what’s real & what isn’t - they live it every day. On top of that are those looking to switch jobs that can’t; this is also a large number as companies turn up the pressure on employees in terms of hours and stagnant pay. IF Obama runs in 2012, he won’t even carry Illinois.