Thursday, April 14, 2011

Unemployment numbers spike again...another sign that the present Administration hasn't got a clue about how tough it is for American Workers

Wow....The unemployment numbers spiked last week while the feckless fools in the Administration were bleating and braying about how things are sooooooo much better....IN THE REAL WORLD, ( a place they don't live in, unlike the rest of us) people are still dealing with a morbid economy, higher prices for oil, groceries, and everything else.....

Is it any wonder why people are eager to change out the present resident of the White House for someone who can truly lead the nation?? The only issue comes back to who will the other side present??? Presently, the field of potential candidates is not offering anyone much "HOPE" for real " CHANGE ".....they really have no one to offer up.....and that's a big problem if we have hope of sending "Barry" back to Chicago where he belongs.

New unemployment claims surge to 412,000

By Hibah Yousuf, staff reporterApril 14, 2011: 9:25 AM ET

NEW YORK (CNNMoney) -- The number of Americans filing first-time claims for unemployment benefits rose last week, a sign that the job market's road to recovery remains bumpy.

The number of initial claims increased to 412,000 in the week ended Apr. 9, up 27,000 from the week before, the Labor Department said Thursday. The figure was the highest in two months and surprised economists, who were expecting 385,000 new claims.

The spike disrupted the downhill move in jobless claims, which had been coming in below the 400,000-mark for four consecutive weeks.

"Given the underlying downward trend, we are inclined to see it as a one-time fluke," said Ian Shepherdson, chief U.S. economist at High Frequency Economics.

Shepherdson added that the Labor Department cited unusually large layoffs at the end of the quarter as a factor pushing claims higher.

Still, the 4-week moving average of initial filings-- a number that tries to smooth out week-to-week volatility -- remained below that threshold at 395,750, up 5,500 from the previous week.

Record number of Americans get government help
Meanwhile, the number of Americans filing for ongoing claims decreased 58,000 to 3,680,000 in the week ended Apr .2, the latest data available. That's the lowest figure since September 2008, and below economists' estimates for 3,700,000 continuing claims.

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