Surprise! Jobless Claims Skyrocket After Election; PA, OH Worst Hit
doofiegirl POTL~PWCM~JLA
2012/11/15 16:05:54
The Department of Labor has announced that new jobless claims rose by a staggering 78,000 in the first week after the election, reaching a seasonally-adjusted total of 439,000. Over the past year, and in the weeks leading up to the election, jobless claims were said to be declining, dipping as low as 339,000, with the media proclaiming that they had reached the “lowest level in more than four years.” Now, suddenly, the news seems far less rosy.
From the Department of Labor press release this morning:
In the week ending November 10, the advance figure for seasonally adjusted initial claims was 439,000, an increase of 78,000 from the previous week’s revised figure of 361,000. The 4-week moving average was 383,750, an increase of 11,750 from the previous week’s revised average of 372,000.
Some of the new claims, especially in New Jersey, were due to Hurricane Sandy–but these were offset by a decline in claims filed in New York. The highest numbers of new filings came from Pennsylvania and Ohio, where there were thousands of layoffs in the construction, manufacturing, and automobile industries.
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Top Opinion
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Dave0626 2012/11/15 18:30:47
When BUSH had Republicans running the House AND Senate,
IT WAS IMPOSSIBLE TO FIND GOOD WORKERS there were so many jobs.
That ended on Sept 30, 2007 and I bet you have NO CLUE.
Look at ANY economic stats from the times.
The CEO of Union Pacific warned Obama the railoads will go under if the 200 coal power plants are closed. Coal is our bread & butter accounting for over 80% of our business, he stated.
The loss of coal & power will put more strain on other energy sources causing widespread energy shortages & price hikes.
This will result in the layoff of millions of more people.
The economy will pass the point of no return of any hope & chance for a recovery.
Americans are too stupid to see this coming. All they care about is the Great Race & Dancing With The Stars.
The House Of Cards is coming down.
Bush was a blooming idiot but he looks like a genus next to Obama.
When BUSH had Republicans running the House AND Senate,
IT WAS IMPOSSIBLE TO FIND GOOD WORKERS there were so many jobs.
That ended on Sept 30, 2007 and I bet you have NO CLUE
Judge Bush PRIOR to the dems taking over Congress.
America was at an all time high in economics.
The first lib budget took affect on Oct 1, 2007.
CAN YOU STUDY HOW GOOD T WAS TILL THAT TIME?
If NO, you're a lefty.
Obama recently reviewed the storm damaged northeast and confirmed his administration is succeeding in solving all problems quickly with little to no social discomfort. Obama will restore industry, income and savings. He would never lie to those wanting to believe in his glory.
Once intrest rates go up, & it will to contain inflation, new construction will come to a hault.
not the faux numbers the media was peddling ,,,
and the libs bought those numbers ,,and are not even reacting to the new ones ,,
there all hypnotized sheeples ,,,!