Thursday, August 23, 2012
U.S. weekly jobless claims up
Applications for U.S. jobless benefits rose by 4,000 to a seasonally
adjusted 372,000 in the week ended Aug. 18, the Labor Department said
Thursday. Economists surveyed by MarketWatch had projected claims would
rise to 369,000. Initial claims from two weeks ago were revised up to
368,000 from an original reading of 366,000, based on more complete data
collected at the state level. The average of new claims over the past
month, meanwhile, climbed by 3,750 to 368,000. The four-week average
reduces seasonal volatility in the weekly data and is seen as a more
accurate barometer of labor-market trends. Also, Labor said continuing
claims increased by 4,000 to a seasonally adjusted 3.32 million in the
week ended Aug. 11. Continuing claims reflect the number of people
already receiving benefits. About 5.59 million people received some kind
of state or federal benefit in the week ended Aug. 4, down 109,812 from
the prior week. Total claims are reported with a two-week lag.
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Ya Da Ya Da Ya Da There will be no end in sight as long as this administration is in office.
ReplyDeleteFailure is the only thing the Obama administration has produced,that and more people on public assistance.
Hopey Changey has not worked folks,Time for a real change.
Question is, will we see any real change in Romney/Ryan. Romney had previously said that he would sack Bernanke but his chief economic advisor is recommending that Ben be allowed to continue at the FED. I suspect that the electorate will be duped again and the economy will continue to worsen and the stock market will continue its miracle rise and constitution will continue to be eroded and more we will start hearing about people disappearing....
DeleteScott..........Understand your point. Am not a Romney fan but the current administration has produced nothing but failure.Working in the private sector four years of failure will get you fired,so it's time to try another President.
DeleteI like Romney moral compass much better than Obama's anyhow.
These are ugly times in our country. It is hard to watch the destruction of many years of financial planning by your friends and neighbors. It is difficult to explain the loss of faith that things will be better soon. I can only hope that a change in our executive office will bring about some real hope.
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