Discussion in 'Economy' started by B. Kidd, May 26, 2011.
........but the actual number that just came out is 424,000!!!
(week ending May 21st)
Initial claims are up 5% of last month and continuing claims are off a fraction of a %.
The May employment report will ultimately be a troublesome one.
That is very weird, as usually hiring picks up in the summer.
Even Reuter's can't spin this one, yet:
Business & Financial News, Breaking US & International News | Reuters.com
This is not a surprise.
The economy is barely growing so there is no reason to invest (Capital Investment is also way down). Businesses are being crushed and threatened with the costs of current and future regulations. They are cutting back to reduce their costs structures...which means the loss of jobs.
This continues to be the Worst Recovery Ever. Thank you Obama!
You heard that wrong. It was expected to be 405,000.
Econoday Report: Jobless Claims May 26, 2011
I have no idea when the last 105,000 print occurred.
Growth is up 1.8%
How much is inflation up?
Depends on how you figure it. Based on what I'm seeing, it's a hell of a lot more than 1.8%.
Really this should be no surprise to anyone. With the high cost of gas and food people cannot buy anything else so inventories have risen and manufactures are starting to cut back. If the consumer does not buy then the supplier has no choice but to cut employment. As long as fuel and food continue to stay high the economy will stagnate.
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