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AP: Glitch Makes Jobless #s Seem Higher

The weekly unemployment report, as spun by the Associated Press:

New claims for jobless benefits rise to 479K

August 5, 2010

WASHINGTON — Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies are still cutting workers.

The Labor Department said Thursday that new claims for unemployment insurance rose by 19,000 to a seasonally adjusted 479,000. Analysts had expected a small drop

Oh, those analysts.

Some of the increase stemmed from difficulties the government has in adjusting for seasonal factors. The Labor Department expected a large decline in claims last week as many auto companies usually shut their plants temporarily in early July. Claims were expected to rise during the shutdown and then fall.

But this year General Motors and other manufacturers skipped the shutdowns, so claims didn’t fall last week as much as expected

Economists worry the recovery is slowing. Americans are spending cautiously as they save more and pay down debt. Home sales and construction have slumped after a popular homebuyers’ tax credit expired on April 30. The impact of the federal government’s stimulus efforts is fading.

How it that possible? We are supposed to be smack dab in the middle of the ‘stimulus’ spending.

In fact, today is the 45th day of the ‘Summer Of Recovery.’ Given that there are 90 days in summer, we must be half way ‘recovered.’

God help us.

More jobs are needed to give consumers more spending power to help support a sustainable recovery.

But it’s not clear if the new jobs will come fast enough. On Friday, the Labor Department will issue the July jobs report and economists expect it will show the nation lost a net total of 65,000 jobs

And yet Sherriff Joe Bite Me promised that the ‘stimulus’ would create 500,000 new jobs a month.

What happened?

This article was posted by Steve on Thursday, August 5th, 2010. Comments are currently closed.

3 Responses to “AP: Glitch Makes Jobless #s Seem Higher”

  1. proreason says:

    You can’t really criticize AP for it’s highly selective usage of facts.

    After all, the regime has set the standard with its highly selective enforcement of laws. That’s why we elected Obamy, isn’t it? We didn’t feel capable of knowing which laws ought to be enforced or not. Now we a genius with his finger on the pulse of our lives to make those pesky decisions for us. Black Panthers with billy clubs…..no big deal. Mexican drug cartels murdering American citizens….hey, it’s a minor thing. Racists spouting hate speech from the Dept of Agriculure….justified. Marraige between perverts…..why not? A judge blocks the drilling ban….ignore it. Contract law centuries in the making….Obamy knows better. Commerce Clause….the emperorr will interpret it. The Constitution….useful only as toilet paper.

    And we have the AP to find the facts that we need to know about, and ignore the ones that aren’t important.

    Soon we will be as efficient a society as was Nazi Germany.

  2. Warren says:

    Don’t you believe the MSM?:This is a “jobless” recovery.

  3. Right of the People says:

    Could that glitch be the moron in the White House?

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