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Higher Jobless Due To Global Warming

From a stunned Associated Press:

Jobless claims rise due to weather-related factors

By Christopher S. Rugaber, AP Economics Writer

February 25, 2010

WASHINGTON – New claims for unemployment benefits jumped unexpectedly last week, mostly because state agencies processed a backlog of claims caused by snowstorms the previous week.

The severe weather also increased temporary layoffs in the weather-sensitive construction and transportation industries.

Still, the increase in claims underscored concerns that layoffs are no longer slowing as fast as they were in the second half of last year…

In its report on jobless claims, the Labor Department said first-time claims for unemployment insurance rose by 22,000 to a seasonally adjusted 496,000. Wall Street analysts polled by Thomson Reuters expected a drop to 455,000.

Economists closely watch initial claims, which are considered a gauge of the pace of layoffs and an indication of companies’ willingness to hire new workers.

Dan Greenhaus, chief economic strategist at Miller Tabak, said the claims data has been unusually distorted in recent weeks because of bad weather. As a result, "we are concerned about the upward pressure on initial claims but not overly concerned."

The four-week average of claims, which smooths [sic] volatility, rose by 6,000 to 473,750. The four-week average has risen by about 30,000 in the past month, raising concerns that job cuts are continuing. Initial claims had fallen sharply over the summer and fall but the improvement has stalled since the year began

Isn’t it funny how far our watchdog media are willing to go to try to explain away the bad employment numbers?

It’s always something.

Now they are even resorting to blaming unemployment on the weather.

This article was posted by Steve on Thursday, February 25th, 2010. Comments are currently closed.

7 Responses to “Higher Jobless Due To Global Warming”

  1. Rusty Shackleford says:

    Now they are even resorting to blaming unemployment on the weather.

    Yes, well, Steve, it smooths out fluctuations in the numbers.

  2. Confucius says:

    The media aren’t the only ones.

    According to the Associated Press:

    [Federal Reserve Chairman Ben] Bernanke said that the snowstorms and bad weather that has recently plagued the country is likely to have a short-term — but not permanent — impact on unemployment and layoffs. He said policymakers will “have to be careful about not overinterpreting” upcoming data.


  3. proreason says:

    Unemployment is created by Global warming which is created by co2 which is created by breathing.

    Therefore, unemployment is created by breathing.

    But most likely, just by conservatives breathing

    • Right of the People says:

      If all the liberals stopped breathing it would help solve the global warming crisis. I know I’d be all for it.

    • JohnMG says:

      I’d becontent to let the liberals continue to breathe. I just wouldn’t let them continue to breed!! Eventually the strain would die off.

  4. mr_bill says:

    The headline needs some tweaking:

    “Jobless claims unexpectedly rise due to unexpected weather-related factors”

    There, thats better and more in keeping with the Orchestrated Press’ “unexpected” theme for unemployment reporting.

  5. eaglewingz08 says:

    When the bad weather prevented jobless claims to be processed, and the numbers came in ‘unexpectedly low’ we didn’t hear the Obamedia explain this as not good news but that the claims would be made up once the weather subsided. Funny how that works. You’d almost think that certain news organizations were shilling for the Administration?

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