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Recovery Summer Jobless Claims Up 37K

From a seemingly no longer surprised Associated Press:

Elevated jobless claims point to weak labor market

By CHRISTOPHER S. RUGABER (AP)

July 22, 2010

WASHINGTON — Seasonal factors boosted new requests for unemployment benefits last week as the job market remains weak amid a slow economic recovery.

New claims for unemployment insurance jumped by 37,000 to a seasonally adjusted 464,000, the Labor Department said Thursday.

The sharp increase comes after claims fell steeply two weeks ago to their lowest level since August 2008. But much of that drop was driven by temporary seasonal factors and not an improving job market.

Factors the AP did not mention in their reports last week.

Two weeks ago, General Motors and other manufacturers reported fewer temporary layoffs than usual this time of year, a Labor Department analyst said. Last week’s rise partly reflects the fading of that trend

As we noted, Obama-Motors (General Motors and Chrysler) did not shut down plants as they traditionally do this time of year, probably to keep the seasonally adjusted job numbers artificially up.

The four-week average of claims, which smooths [sic] fluctuations, rose by 1,250 to 456,000, the department said.

A total of nearly 4.5 million people continued claiming unemployment aid, the department said. That was a drop of 223,000 from the previous week

Only because they are falling off the unemployment benefit rolls. Something which will soon be remedied.

Then the unemployment numbers are really going to soar.

This article was posted by Steve on Thursday, July 22nd, 2010. Comments are currently closed.

4 Responses to “Recovery Summer Jobless Claims Up 37K”

  1. proreason says:

    Nothing illustrate the shell game better than the unemployment numbers.

    They’re up! They’re down!! They’re revised!!! They’re seasonally adjusted!!! They’re whatever they want them to be!!!!!

  2. Rusty Shackleford says:

    If I had known these would be the numbers, I’d have baked a cake!

    IOW: It’s so “unexpected”.

  3. jimreport says:

    Its opposite land. When jobs are lost, its a recovery boom. When there’s full employment for 4-6 years its the dark ages of doom.

  4. Tater Salad says:

    Remember, November is right around the corner:

    HOW IN THE HELL CAN A U.S. CONGRESSIONAL, REPRESENTATIVE OF THE AMERICAN PEOPLE JUSTIFY A VOTE LIKE THIS?Posted by DP on July 22, 2010 at 7:26pm

    We have room for but one language here, and that is the English language� and we have room for but one loyalty and that is loyalty to the American people.� Theodore Roosevelt

    NEED TO CLEAN THE HOUSE & THE SENATE:

    The following senators voted against making English the official language of America :

    Akaka (D-HI)
    Bayh (D-IN)
    Biden (D-DE)
    Bingaman (D-NM)
    Boxer (D-CA)
    Cantwell (D-WA)
    Clinton (D-NY)
    Dayton (D-MN)
    Dodd (D-CT)
    Domenici (R-NM)
    Durbin (D-IL)
    Feingold (D-WI)
    Feinstein (D-CA)
    Harkin (D-IA)
    Inouye (D-HI)
    Jeffords (I-VT)
    Kennedy (D-MA)
    Kerry (D-MA)
    Kohl (D-WI)
    Lautenberg (D-NJ)
    Leahy (D-VT)
    Levin (D-MI)
    Lieberman (D-CT)
    Menendez (D-NJ)
    Mikulski (D-MD)
    Murray (D-WA)
    Obama (D-IL)
    Reed (D-RI)
    Reid (D-NV)
    Salazar (D-CO)
    Sarbanes (D-MD)
    Schumer (D-NY)
    Stabenow (D-MI)
    Wyden (D-OR)

    Now, the following are the senators who voted to give illegal aliens Social Security benefits. They are grouped by home state. If a state is not listed, there was no voting representative.

    Alaska : Stevens (R)
    Arizona : McCain (R)
    Arkansas : Lincoln (D) Pryor (D)
    California : Boxer (D) Feinstein (D)
    Colorado : Salazar (D)
    Connecticut : Dodd (D) Lieberman (D)
    Delaware : Biden (D) Carper (D)
    Florida : Martinez (R)
    Hawaii : Akaka (D) Inouye (D)
    Illinois : Durbin (D) Obama (D)
    Indiana : Bayh (D) Lugar (R)
    Iowa : Harkin (D)
    Kansas : Brownback (R)
    Louisiana : Landrieu (D)
    Maryland : Mikulski (D) Sarbanes (D)
    Massachusetts : Kennedy (D) Kerry (D)
    Montana : Baucus (D)
    Nebraska : Hagel (R)
    Nevada : Reid (D)
    New Jersey : Lautenberg (D) Menendez (D)
    New Mexico : Bingaman (D)
    New York : Clinton (D) Schumer (D)
    North Dakota : Dorgan (D)
    Ohio : DeWine (R) Voinovich(R)
    Oregon : Wyden (D)
    Pennsylvania : Specter (R)
    Rhode Island : Chafee (R) Reed (D)
    South Carolina : Graham (R)
    South Dakota : Johnson (D)
    Vermont : Jeffords (I) Leahy (D)
    Washington : Cantwell (D) Murray (D)
    West Virginia : Rockefeller (D), by Not Voting
    Wisconsin : Feingold (D) Kohl (D)

    SEND THIS TO EVERYONE YOU KNOW. THE ENTIRE POPULATION OF THE UNITED STATES NEEDS TO KNOW THIS INFORMATION, UNLESS THEY DON’T MIND SHARING THEIR SOCIAL SECURITY WITH FOREIGN WORKERS WHO DIDN’T PAY A DIME INTO IT.


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