Jobless claims jump, wholesale food costs surge

Reuters/YahooNews ^ | 1/13/10 | Pedro Nicolaci da Costa

[Kartographer]

U.S. jobless claims jumped to their highest level since October last week while food and energy costs lifted producer prices in December, pointing to headwinds for an economy that has shown fresh vigor.

However, a surge in exports to their highest level in two years helped narrow the U.S. trade deficit in November, an encouraging sign for fourth-quarter economic growth.

Despite a string of recent data that had signaled a pickup in the economy's momentum, the figures on Thursday showed the job market continues to struggle.

The number of Americans filing for first-time unemployment benefits rose unexpectedly to 445,000 from 410,000 in the prior week, a Labor Department report showed. It was the biggest one-week jump in about six months and confounded analyst forecasts for a small drop to 405,000.

[Kartographer]

OBAMAVILLE

Gett’n a head fake,
watchin' msn’s take;
All of their pundits oozing foul oil.
Clean’n my six gun on my front porch swing.
Feeling my blood--
It’s beginnin' to boil.

Wasted away again in Obamaville,
Searchin' for a job so I can earn my salt.
Some people claim that Bush is to blame,
But I know it's Obama’s fault.

There’s no rhyme or reason,
They are all commitin’ treason
With nothing to show but a brand new tax or two.
But they are real beauties,
Despotic duties, how they got passed
I haven't a clue.

Wasted away again in Obamaville,
Searchin' for a job so I can earn my salt.
Some people claim that it’s Bush we should blame,
Now I think,-- hell with them it’s Obama’s fault.

I blew out my flip flop,
Stepped on a pop top;
Cut my heel, but I just cruise on back home.
Because no medical care will the doctors render
They say there’s little service I can tender
And there’s no need for me to hang on.

Wasted away again in Obamaville
Searchin' for a job so I can earn my salt.
Some people claim that Bush is to blame,
But I know, it's my own damn fault.
Yes, and some people claim that Bush is to blame,
And I know because of my vote it's my own damn fault damn fault.

[EQAndyBuzz]

Boehners fault.

[Tulane]

Don’t worry guys. During the political pep rally, errrr wake, last night, The One made my leg tingle like crazy. Prosperity is right around the corner!

[philled]

I was surprised when I looked at a calendar and saw it was January- I thought we were still in “Recovery Summer!” I wonder if Biden knows?

[ScottinVA]

[Mr Ramsbotham]

Remember, surging is just one small step below soaring in the cosmos of hyperbole.

[RC2]

Now check the prices on car parts and tires. You’d be amazed. Some say the price of tires have almost doubled.

[ScottinVA]

I wonder if Biden knows?

"Yup! I'm right on that! Yessiree!!"

[Presbyterian Reporter]

Thanks for posting.

The leftist hysteria about the Tucson shooter has covered up the lousy economic news.

Printing funny money will lead to higher prices.

Get ready for Jimmy Carter redux. Mega inflation is about to be upon us.

[ez]

Unexpectedly...again.

[N. Theknow]

However, a surge in exports to their highest level in two years helped narrow the U.S. trade deficit in November, an encouraging sign for fourth-quarter economic growth. ?I>

A surge in exports?

Must have been all those Kwanzaa gift baskets being sent back to the homeland.

[Dr. Bogus Pachysandra]

Great pic of Junior! Should be his official portrait!

[Jet Jaguar]

ping.

[griswold3]

just wait until March.
I recieved notice that prices were increasing 5%. This after the 7% price increase that we were unable to fully pass on to our customers. Now, we have to prepare for the next increase.
Ever bought 18 tires at once?

[Parmy]

Well, the cheap dollar is helping the export. It is also causing any products will oil in them to inflate. I.e., food, gas.

But there is no inflation. (barf)

[OCCASparky]

Cool—so the stuff we can’t afford because we don’t have jobs costs even MORE now. How’s that hopey-changey thing working out, libtards?

[Zuben Elgenubi]

Milk is over $4/gal in SW Ohio. In 2005 it averaged $1.67/gal

[Nachum]

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/

[6SJ7]

pointing to headwinds for an economy that has shown fresh vigor.

It is entertaining to see how many ways the DBM tries to dress up this corpse of an economy.

[Zuben Elgenubi]

In a nearby suburb: