Jobless claims rise to highest level in 9 months

Associated Press ^ | Thursday August 19, 2010 | Associated Press

[jpl]

WASHINGTON (AP) -- New applications for unemployment insurance reached the half-million mark last week for the first time since November, a sign that employers are likely cutting jobs again as the economy slows.

The Labor Department said Thursday that initial claims for jobless benefits rose by 12,000 last week to 500,000, the fourth increase in the past five weeks. Wall Street economists forecast that claims would drop.

[Common Sense 101]

It’s almost as though the Odumba$$’ inane and delusional blathering has no effect on improving the economy at all...

[bill1952]

>Wall Street economists forecast that claims would drop...

Uh huh -what “Wall Street Economists” predicted that??
I don’t see those people listed here - just a reporters using the term.

and if those are really “economists” then they need to be in the unemployment line.

[Herodes]

This news is clearly “unexpected”. If I had a dollar for each time I have heard that phrase...

[silverleaf]

potus off to play at Martha’s Vineyard for the next 10 days

at least the ice cream shops will stay in business

[FrankR]

[Old Retired Army Guy]

Where is Biden on his “Summer of Recovery” tour?

[CodeToad]

Of course the unemployment rate will never be reported above 9.5%. Every last person could lose their job and Obama would lie and say it was at 9.5%.

[skeeter]

Hey AP:

[KC_Conspirator]

Yes, Green Shoots and Bummer Recovery, with Shovel Ready Jobs.

[Pining_4_TX]

I have heard them blaming businesses for sitting on piles of cash and not creating jobs - as if the reason businesses exist is to provide jobs for people. Libs will never admit their ideas and policies are to blame.

[Dubya-M-DeesWent2SyriaStupid!]

And where is Obam ON VACATION. I am so shocked.

All’s he has been doing is campaigning, golfing,spending, vacationing campaigning, golfing,spending, vacationing campaigning, golfing,spending, vacationing campaigning, golfing,spending, vacationing campaigning, golfing,spending, vacationing campaigning, golfing,spending, vacationing
campaigning, golfing,spending, vacationing campaigning, golfing,spending, vacationing campaigning, golfing,spending, vacationing campaigning, golfing,spending, vacationing

[MaryFromMichigan]

Does this mean the unemployment “rate” will go down, i.e. improve from 9.5% to, say, 9.4%?

Sad to say, that would be a huge improvement in my state-
Michigan's unemployment ticks downward to 13.1 percent

[Jacquerie]

When the economy collapses, when the civil society disappears, when the people demand that somebody “do something,” Hussein will show his hand.

[CDB]

And 2012, too.

[FrankR]

Oh, I’ll change the date after the November elections, but if we win both houses then - by a decent majority - his reign of terror will be greatly curtailed.

[ianmb]

“We are going from the summer of recovery to the fall of the economy.”

Brilliant!!