Unemployment claims RISE more than expected.

Discussion in 'Economy' started by Maple, Jan 21, 2010.

  1. Maple
    Offline

    Maple Senior Member

    Joined:
    Mar 15, 2009
    Messages:
    4,674
    Thanks Received:
    568
    Trophy Points:
    48
    Ratings:
    +568
    Good Grief, the no-stimulus stimulus bill needs to be rescinded to pay down the national debt, it is doing absolutely NOTHING to put people back to work.

    Jobless Claims Rise in Latest Week - WSJ.com

    BY SARAH N. LYNCH
    The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week -- an increase a U.S. Labor Department economist said is partly due to an administrative backlog in processing claims.

    Total claims lasting more than one week, meanwhile, declined.

    Initial claims for jobless benefits rose by 36,000 to 482,000 in the week ended Jan. 16, according to the Labor Department's weekly report Thursday. The previous week's level was revised upward to 446,000 from 444,000.

    Get ready for a double-dip recession.
     
    Last edited: Jan 21, 2010
  2. saveliberty
    Offline

    saveliberty Diamond Member

    Joined:
    Oct 12, 2009
    Messages:
    42,214
    Thanks Received:
    6,143
    Trophy Points:
    1,830
    Ratings:
    +20,158
    That report went on to say MANY economists expect unemployment to rise the first half of 2010. I suggested that was what would happen last November and December. Of course, the liberals here said no way, the stimulus will save us. I think health care run by the government is trouble period. If you were going to try though, wouldn't you do it when people have jobs and a little extra money in their pockets? Just how stupid do you have to be in order to have Democrat after your name?

    :popcorn:
     
  3. Mr Clean
    Offline

    Mr Clean Gold Member

    Joined:
    Aug 23, 2009
    Messages:
    10,055
    Thanks Received:
    2,250
    Trophy Points:
    255
    Ratings:
    +3,827
    The reason we have such high unemployment is that people demand too much for their time and labor.
     
  4. Ipsl
    Offline

    Ipsl Member

    Joined:
    Sep 24, 2009
    Messages:
    128
    Thanks Received:
    4
    Trophy Points:
    16
    Location:
    San Jose CA
    Ratings:
    +4
    Many companies lay people off for the holidays.
     

Share This Page