Jobless Claims Rise "Unexpectedly" to Highest Level in 9 Months
Posted by Jim Hoft on Thursday, August 19, 2010, 7:09 AM
Barack Obama is the worst jobs president since the Great Depression and possibly is the worst jobs president in US History.
(Source: US Misery Index)
The democrats wanted to fundamentally change America. They did.
The US unemployment rate has not fallen below 10.8 percent in the last 12 13 months. This is unprecedented.
Now this…
Jobless claims rose “unexpectedly” last week to the highest level in 9 months.
The AP reported:
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.
The four-week average, a less volatile measure, rose by 8,000 to 482,500, the highest since December. There were no special factors that distorted the numbers, a Labor Department analyst said.
The increase suggests the economy is creating even fewer jobs than in the first half of this year, when private employers added an average of about 100,000 jobs per month. That’s barely enough to keep the unemployment rate from rising. The jobless rate has been stuck at 9.5 percent for two months.
Stock futures fell on the news.
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Featured Story:
Busted!… Obama Headlined a DEMOCRAT SOCIALISTS OF AMERICA Event in 1996 **FLIER**
Published May 24, 2012 at 8:46 pm - 91 Comments
Melvin Winter commented:
Parody: Democrats Tout Their Role in Stopping Employer Interrogation Program http://optoons.blogspot.com/2010/08/democrats-tout-their-role-in-stopping.html
bill mitchell commented:
I begin to wonder who exactly are the boffins that keep “expecting” so poorly. Its gotten so bad that the word “unexpectedly” may win as the most overused word of 2010.
Are these the same economists that just publishes a report saying we would have been finished if not for the stimulus. You gotta love these “it wouldst been worse” models that have absolutely no way of being proven.
Dwain commented:
Do you people believe the lies you are telling your readers? Could you spout this garbage connected to a lie detector and pass? When the corporations have bulldozed the last shred of the constitution into a parking lot and you have sold your last freedom, what is your American going to look like? If the devil said he was pro life and anti immagration, could you not vote for him while laying in his bed?
Do you think you could learn about climate change, chained face down on an island that the rising waters are about to cover? Oh nevermind you don’t care about the environment because the rapture is coming soon…don’t forgive them father because they know exactly what they do.
dwain
Mark1957 commented:
How is the ” Summer of Recovery” working out so far? These idiots demonize capitalism and profits, then expect us to hire more employees.
Stephen Lowe commented:
“Elections have consequences.” The only truth I’ve heard since O’s presidency began.
Andreas K. commented:
As unexpected as being run over by a car when jogging on a motorway in LA during rush hour.
Ang commented:
I dont have the time but I sure wish someone would google the economic headlines ever since these bafoons took over, ever week its the usual “unexpectedly or surprisingly” b.s. before they give the rest of the bad news. Seems to me whoevers making the forecasts doesnt know s**t.
Espresso Logic - The 6th Sense commented:
How’s that “Hopey – Changey” thing working out for y’all?
No Man commented:
la la la
“Everything is Beautiful . . .”
la la la
just bob commented:
Dwain,
Get back behind your mom’s dress and let the adults talk.
dunce commented:
As jim nabors would say “surprise surprise”,unfortunately this is not a situation comedy but a real life tradgedy.
chuck in st paul commented:
I guess dwain wandered in here by accident. Yo! buddy, the KOS site this isn’t.
1) name one island that has rising ocean levels.
2) name one corporation that is bulldozing the Constitution and show how they are doing it. (My choice is any outfit run by Soros)
3) cite examples about how conservatives DON’T care about the environment… not the AGW scam, or the CO2 scam, actual environmental issues.
chuck in st paul commented:
I guess all this Keynesian failure is unprecedented.
antilbr commented:
I can hear it coming…….It’s bush’s fault……I would bet the house it happens before dinner….
Dwain commented:
My mom is 84 and i don’t think she wears dresses anymore…..if i thought it would do any good to try and have a real conversation(u know..where both sides exchange ideas) i would site all of the above, but the rethoric is a bit thick for that isn’t it. I was just attempting to punch through this thick hide of hate and ideology that has been piled up. You know break down some of the xenophobia, cause we wouldn’t want to mistake religious freedom, with any sort of actual freedom for all religions to be practiced in America…would we?
What were those founding fathers thinking anyway….nothing about the power of a dollar huh:)
dwain
Dwain commented:
ummmm one other thing(and i did get here by accident-imagine my surprise that a science article brought me here)..i really don’t blame Bush, he was just a puppet riding Karl Rove and the neocons wave, they are the ones that brought us this depression, neatly averted by Bush and Obama policies. And if i wanted to burn conservatives on a stake, i would have worked for putting the Clintons back in office. I opted for a middle of the road approach and worked hard for years to get a moderate policy wonk in office(u guys should try that middle road approach sometime)…thats the funny thing about being laid off so much, millions of democrats get out and work their butts off to accomplish things, so keep us unemployed ya hear
dwain-coming to a state near u soon
averagemelon commented:
I really cannot follow your thought processes there, Dwain. You either have to go easier or harder on the meds: please confer with your doctor.
It is best if you be still and stop writing. Just read awhile…maybe. Thanks for your co-operation.
Dwain commented:
thank you ever so much for your kind consideration of my health and wellbeing
dwain
Dwain commented:
cue the crickets chirping…who knew the republican party was so easy to defeat in debate? remove their rethoric and they got nothing, must be all the tea you have been drinking..or is that koolaid
oh well, good luck in November boys, you’re going to need it(and about that 12′ thing, forgetaboutit)
and hows that Palin thing working out for ya?
bye “)
dwain-gone