Another Record on the Saved or Created Jobs Front… Jobless Numbers Continue to Rise
They’ve found their hockey stick graph…
US Loses Most Jobs At Fastest Rate In History Under Obama
Via the Bureau of Labor Statistics– via Sweetness and Light.
The Obama Administration may have created or saved 150,000 jobs but the the jobless numbers continued to rise this week.
The AP reported:
The Labor Department said Thursday that initial claims for unemployment benefits fell last week by 24,000 to a seasonally adjusted 601,000. That’s below analysts’ estimates of 615,000.
Still, the number of people claiming benefits for more than a week rose by 59,000 to more than 6.8 million, the highest on records dating to 1967. The department also revised last week’s data on continuing claims, replacing what had been a drop of 15,000 with an increase of 6,000.
That means continuing claims have set records for 19 straight weeks.
Related… Finally, King Banaian, chair of economics at St. Cloud State University breaks down Obama’s “saved or created” jobs claims.