I’ve never understood the focus on these weekly “initial unemployment benefits claims” statistics. At some point the economy bottoms out, so naturally the weekly job losses will start to diminish. But that does nothing for the millions already out of work. And by the by, when is the useless GOP going to start focusing on the real “out of work” numbers instead of letting the media and Obama get away with the official “unemployment” numbers, which we all know hide a huge chunk of those out of work who want to work? Why don’t they spend some of their cash on an early ad campaign to bring this to everyone’s attention. That kind of targeted campaign might actually attract some donors. Letting this all wait until Romney gets coronated in August and starts his campaign is way too late.
When will this bottoming out happen in your estimation? Because it hasn’t happened yet. Maybe that’s why there is such a focus on this number, has it ever been this high week after week after week?