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New Jobless Claims Jump by 37,000 After Hitting 2-Year Low (Marxism OOPS!)
Fox News ^

Posted on 07/22/2010 8:47:52 AM PDT by frogjerk

WASHINGTON -- New jobless claims in the U.S. jumped last week by the most since February, reversing a sharp fall two weeks ago. The rise is partly a result of seasonal factors but also reflects the job market's weakness.

The Labor Department says new claims for unemployment insurance jumped by 37,000 to a seasonally adjusted 464,000. Analysts expected a smaller rise, according to a survey by Thomson Reuters.

The sharp increase comes after claims fell steeply two weeks ago to their lowest level since August 2008. But much of that drop was driven by temporary seasonal factors and not necessarily by an improving job market.

Two weeks ago, General Motors and other manufacturers reported fewer temporary layoffs than usual this time of year, the Labor Department says.

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: jobs

1 posted on 07/22/2010 8:47:53 AM PDT by frogjerk
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To: frogjerk

Former Census Workers starting to file claims.


2 posted on 07/22/2010 8:49:56 AM PDT by Old Retired Army Guy (tHE)
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To: frogjerk

Gee, I wonder how many of them are involved directly or indirectly in oil business? Another unexpected success story brought to you by Obama, Pelosi and Reid.


3 posted on 07/22/2010 8:50:19 AM PDT by equalitybeforethelaw
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To: frogjerk

Another success in the War on America.


4 posted on 07/22/2010 8:50:56 AM PDT by Paladin2
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To: frogjerk

Bush avg’ed about 5% unemployment.

It probably would have been lower except for MCCain-Feingold which gave the Dems Congress in 2006. MCCain is a POS.


5 posted on 07/22/2010 8:51:03 AM PDT by Frantzie (Democrats = Party of I*lam)
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To: frogjerk

“Unexpected Increase In Unemployment,” —New York Times


6 posted on 07/22/2010 8:52:46 AM PDT by Ronbo1948
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To: frogjerk

Unxpected....naturally?....


7 posted on 07/22/2010 8:52:51 AM PDT by AngelesCrestHighway
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To: Frantzie

And Bush was excoriated on a near daily basis for his “sky-high” unemployment numbers.


8 posted on 07/22/2010 8:52:58 AM PDT by null and void (We are now in day 544 of our national holiday from reality. - 0bama really isn't one of US.)
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To: frogjerk
...was this.....UNEXPECTED ?!
9 posted on 07/22/2010 8:53:58 AM PDT by OB1kNOb (When all else fails one must, "Release the Kraken!")
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To: frogjerk

10 posted on 07/22/2010 8:56:12 AM PDT by AngelesCrestHighway
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To: null and void

The liberal newsmedia and TV. Until people cancel TV enmasse than the libs will be in control. The made this black racist woman into a hero in 6 hours.


11 posted on 07/22/2010 8:56:31 AM PDT by Frantzie (Democrats = Party of I*lam)
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To: frogjerk

12 posted on 07/22/2010 8:57:51 AM PDT by AngelesCrestHighway
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To: equalitybeforethelaw
I filed my claim last week. I was in the oil and gas, mining, muni vertical pump business with a Fortune 500 company. Completely mismanaged at the factory level. Verbally abusive working relationship from my supervisor 2009 sales were 103 mil. 2010 sales are on track for 65mil.

I wish them all the best. Managers shouldn't be allowed to run good people off. After the big 2009 "voluntary" lay off, the people remaining covered the workload of the departed and they have NO PLANS to ever bring back those people - I don't care if sales hit 150 mil, they will just grind these people into the ground until they have breakdowns, then cast them off and hire temps.

13 posted on 07/22/2010 8:59:48 AM PDT by atc23
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To: frogjerk

The Baraqqis are out of bullets.
The stim was a bust.
Their economic policies have terrified business.

Here’s a Powerpoint from our buddies at Goldman predicting a weak second half 2010:

http://paul.kedrosky.com/archives/2010/07/hatzius_the_us.html


14 posted on 07/22/2010 9:03:04 AM PDT by nascarnation
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To: Ronbo1948
****“Unexpected Increase In Unemployment,” —New York Times

Albert Einstein: “Insanity is doing the same thing over and over again but expecting different results.”

Socialists are insane. In fact, as things come apart, as entire systems fail (Social Security, Medicare, VA etc.), or even nations go under (DDR, Soviet Union, etc), all they do is scream louder that if we just increase the scale, if we just turn up the degree one notch higher with this idea, maybe then it will work.

The underlying problem with socialism is that the basic market forces and human nature are omnipresent, but they choose to ignore them. They are so engrossed in a theory, in an idealistic world of rainbows and cotton candy where all get along in a workers paradise that they over look all the flaws from an economic, constitutional, human behavioral standpoint. Socialism is the consequence of having ideology and feelings triumph over reason and truthful decision making.

15 posted on 07/22/2010 9:09:22 AM PDT by Red6 (IMHO)
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To: frogjerk

Let them play golf.


16 posted on 07/22/2010 9:11:28 AM PDT by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: frogjerk

The obvious answer is more government money to shut these people up and keep their butts at home so it doesn’t look bad for the chosen one.


17 posted on 07/22/2010 9:19:24 AM PDT by vpintheak (Love of God, Family and Country has made me an extremist.)
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To: frogjerk

18 posted on 07/22/2010 9:27:09 AM PDT by reagan_fanatic (Never trust anyone who points their rear end at God while praying.)
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To: Ronbo1948

“Unexpected Increase In Unemployment,” —New York Times

Seriously, how many times have you seen the word “UNEXPECTED” in headlines concerning the jobs situation in the last year?

The hidden meaning is, of course, that the government has the smooth recovery under control and any deviation from that (imaginary) outcome is “unexpected” = temporary, anomalous


19 posted on 07/22/2010 9:32:46 AM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: nascarnation

Ugh...but thanks for the info.


20 posted on 07/22/2010 9:56:29 AM PDT by onona (dbada)
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To: frogjerk

And yet the Dow is up over 200 points right now. I guess I’ll go to my grave failing to understand that whole system.


21 posted on 07/22/2010 9:56:53 AM PDT by jwparkerjr
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To: Red6

I’ll take a little liberty with Shakespeare and say that once we win this Second American Revolution, “the first thing we do is to kill all the socialists”... by making them get real jobs. :-)


22 posted on 07/22/2010 12:02:23 PM PDT by Ronbo1948
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To: AngelesCrestHighway

UNEXPEXTED
UNEXPECTED
UNEXPECTED
UNEXPECTED
UNEXPECTED
UNEXPECTED
UNEXPECTED

This news was............UNEXPECTED!


23 posted on 07/22/2010 12:06:20 PM PDT by LeonardFMason
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