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Superstorm boosts jobless claims, hits factories
Chicago Tribune ^ | November 15, 2012 | by Jason Lange

Posted on 11/15/2012 9:31:27 AM PST by Oldeconomybuyer

(Reuters) - Superstorm Sandy drove a surge in new claims for U.S. jobless benefits last week and weighed on factory activity in November, providing early signs of how heavily the storm could hit the U.S. economy in the fourth quarter.

Initial claims for state unemployment benefits rose 78,000 to a seasonally adjusted 439,000, the highest level since April 2011, the Labor Department said on Thursday.

It was the biggest one-week jump since the spike caused by Hurricane Katrina in September 2005.

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


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: journalism; obamanomics; sandy; socialism
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To: NonValueAdded

ALL those companies in post 10 were headquartered in lower Manhatten!


21 posted on 11/15/2012 10:10:24 AM PST by TurboZamboni (Looting the future to bribe the present)
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To: TurboZamboni

Cummins 1500 13380 Automotive

headquartered in lower Manhatten

Don’t sound right.


22 posted on 11/15/2012 10:23:59 AM PST by Vaduz
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To: Vaduz

Cummins laid off 1500

The running total on alphabetized the list at that point is 13380.

Cummins is in the engine mfg business, if describing that as part of the automotive sector offends you, suggest a better category.


23 posted on 11/15/2012 10:40:59 AM PST by null and void (America - Abducted by Aliens...)
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To: TurboZamboni; Vaduz
ALL those companies in post 10 were headquartered in lower Manhatten!

I think you needed a </sarcasm> tag...

24 posted on 11/15/2012 10:43:29 AM PST by null and void (America - Abducted by Aliens...)
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To: null and void

Cummins is based in NY?.


25 posted on 11/15/2012 10:44:32 AM PST by Vaduz
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To: null and void

I know...shoulda had one.


26 posted on 11/15/2012 10:46:13 AM PST by TurboZamboni (Looting the future to bribe the present)
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To: bereanway

“So Sandy caused claims to jump in PA and OH which were the two states reporting the biggest increases in claims?

Sandy had nothing to do with this increase. The fairytale numbers reported before the election are the true reason of this huge jump.”

Comrade,
Regretfully, I must remind you that you are not qualified to employ logic, reasoning or even basic reading comprehension. There are far more qualified people than you to employ these skills in both the government and the official government media outlets. This will be your only warning. Should you question such things again we will be forced to re-educate you, for your own good and the good of the people.
Now, please restate your provacative comments as such: The storm named Sandy caused the unexpected increase in jobless claims in PA and OH. Dear Leader will take the necessary action required to help the poor, homeless (and now jobless) victims of Sandy in OH and non-coastal PA.
P.S. We are watching you.


27 posted on 11/15/2012 10:47:42 AM PST by FerociousRabbit
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To: Vaduz

Did post #24 clear that up?


28 posted on 11/15/2012 10:52:43 AM PST by null and void (America - Abducted by Aliens...)
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To: Oldeconomybuyer

Four years of “Bush’s fault”, followed by four years of “Sandy’s fault”, with a brief intermission for “YouTube’s fault”. If Obama is not responsible for anything that has happened since he seized power, and he was not informed of anything that happened (whether an attack on our embassies, or an investigation of our CIA director), exactly how did he earn a Nobel Prize and re-election?


29 posted on 11/15/2012 1:05:25 PM PST by Pollster1 (Freedom is never more than one generation away from extinction. - Ronald Reagan)
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To: Oldeconomybuyer

Color me shocked! I did not realize there were so many factories in the beach towns of NY and NJ!


30 posted on 11/15/2012 2:21:01 PM PST by SaraJohnson
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