Jobless Claims in U.S. Rose More Than Forecast Last Week

Discussion in 'Politics' started by beretta304, Sep 13, 2012.

  1. beretta304
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    ETA Press Release: Unemployment Insurance Weekly Claims Report

    Jobless Claims in U.S. Rose More Than Forecast Last Week - Businessweek


    The number of Americans filing applications for unemployment benefits rose more than projected last week, showing scant improvement on the outlook for jobs.

    Jobless claims increased 15,000 in the week ended Sept. 8, the biggest gain in almost two months, to 382,000, Labor Department figures showed today in Washington. The median forecast of 50 economists surveyed by Bloomberg called for 370,000 claims. Tropical Storm Isaac resulted in about 9,000 applications for benefits, the agency said.

    The job market is cooling as a global slowdown and looming U.S. tax policy changes keep businesses hesitant about hiring. Persistent unemployment, a “grave concern” according to Federal Reserve Chairman Ben S. Bernanke, is a focus for policy makers today as they meet to consider whether new steps are needed to boost the world’s biggest economy.
     
  2. Truthmatters
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    sure wish the stimulus would have been bigger in the first place
     
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  4. LadyGunSlinger
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    LadyGunSlinger Conservative Babe Supporting Member

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    Every single week this Administration comes back and correct the number upward............every week.
     
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    American Recovery and Reinvestment Act of 2009 - Wikipedia, the free encyclopedia


    Comparison of the House, Senate and Conference versions





    President Barack Obama signs the ARRA into law on February 17, 2009 in Denver, Colorado. Vice President Joe Biden stands behind him.




    President Barack Obama speaks about the 2,000th project approved through the ARRA. The president is joined by Vice President Joe Biden and Secretary of Transportation Ray LaHood.
    Senate Republicans forced a near unprecedented level of changes (near $150 billion) in the House bill which had more closely followed the Obama plan. The biggest losers were states[18] (severely restricted Stabilization Fund) and the low income workers (reduced tax credit) with major gains for the elderly (largely left out of the Obama and House plans) and high income tax-payers. A comparison of the $827 billion economic recovery plan drafted by Senate Democrats with an $820 billion version passed by the House and the final $787 billion conference version shows huge shifts within these similar totals. Additional debt costs would add about $350 billion or more over 10 years. Many provisions will expire in two years.[19]

    The main funding differences between the Senate bill and the House bill are: More funds for health care in the Senate ( $153.3 vs $140 billion), for green energy programs ($74 vs. $39.4 billion), for home buyers tax credit ($35.5 vs. $2.6 billion), new payments to the elderly and a one-year increase in AMT limits. The House has more funds appropriated for education ($143 vs. $119.1 billion), infrastructure ($90.4 vs. $62 billion) and for aid to low income workers and the unemployed ($71.5 vs. $66.5 billion)
     
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    Remember when you Idiots also tried to do Iraq on the cheap without enough troops?
     

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