Here is the current NBC News take on today’s report:
“The Labor Department reported Thursday that initial claims, a notoriously volatile data point that is subject to large swings due to technical factors, rose a seasonally-adjusted 46,000 to 388,000. The four-week moving average, which smooths out wrinkles in the data, rose 750 to 365,500. Both data points remain below 400,000, suggesting that the labor market is healing, although at a snail’s pace.”
When your qualifier to cover Barry’s ass is longer than the rest of the sentence it’s in....
That’s total lies from the media, 388,000 new claims in unemployment( in 1 week) shows we are in a depression.
Under Bush... when the JOBS CREATED went under 128,000 and jobless claims were about 13,000... WE WERE NOT CREATING ENOUGH JOBS TO KEEP UP WITH IMMIGRATION.
LLS