Skip to comments.US: Initial Jobless Claims rose to 371K
Posted on 01/10/2013 10:34:28 AM PST by SeekAndFind
According to the Labour Department, the Americans that filed in their first initial claims for regular state unemployment-insurance benefits rose by 4K last week to a seasonally adjusted 371K in the week ended January 5, above expectations at 365K and coming from 367K (revised) in the previous print.
Continuing claims, which reflect people already receiving benefits, fell by 127K to a seasonally adjusted 3.109 million in the week ended December 29 vs. 3.236 million in the previous week (revised).
Actual : 371K
Actual : 371K
Always GREAT NEWS with a Rat president!
Better gun laws would have prevented this...
If the government was allowed to spend more money, this never would have happened.
Companies will not start hiring or investing until they have some certainty about their rights and obligations. When Obama fired the CEO of GM and changed accepted law to give the labor unions part ownership he re-wrote 200 years of certainty about investors rights. This is keeping 1.5 trillion dollars out of the economy as companies will not invest it. As for obligations, how much will employees cost next year? If you pay somebody $20,000 this year and next year you may have to add $10,000 per year in insurance costs how will you do that? Companies punt and wait to see how Obamacare shakes out. Meanwhile, we the people have to survive until Obama and his minions are gone.
When the rule of law prevails then and only then will the economy recover.
You have to love the New York Daily News headline on this story-—
More Americans file unemployment claims, but jobs market still appears stable, Labor Department says
Up is down. Right is Left. Left is right. Put the blinders on. Spin you around three times.