Jobless Claims Rise Again to 496,000 as Obama Continues to Talk Obamacare



New jobless claims rose again this week to 496,000!!! That’s up 22,000 from last week. Didn’t President Barack Obama say that his presidency in year two was goiung to be all about jobs and putting people back to work?

Then why is he still wasting every ones time with health care legislation that has been roundly rejected by the American people? Is this President serious or not about the unemployment rate in the US and creating an economic environmnet that will get people back to work and have businesses start hiring?

The number of new claims for unemployment benefits jumped unexpectedly last week as heavy snows caused layoffs to rise.

In addition, many state agencies in the mid-Atlantic and New England regions that process the claims were closed due to the storms and are now clearing out backlogs, a Labor Department analyst said.

The department said Thursday that 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.

Bad weather can cause job losses in construction and other industries sensitive to weather.

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.

The four-week average, which smooths volatility, rose by 6,000 to 473,750.

If you liked this post, you may also like these:

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  • The Obama Job Recovery Plan … New Jobless Claims Rise to 484K, Second Straight Week, Reach Highest Level Since February
  • Weekly Jobless Claims Increased to 427,000 … Welcome to Obama’s Hope & Change Economy
  • Weekly Jobless Claims Up 382,000, Analysts Expcted 370,000 … This is Hardly the Right Direction
  • Unemployment Applications Rise by 13,000 as Jobless Benefits Increase to 462K

  • Comments

    11 Responses to “Jobless Claims Rise Again to 496,000 as Obama Continues to Talk Obamacare”

    1. Michelle Smith on February 25th, 2010 10:56 am

      He does not care. His agenda is to push this healthcare bill thru no matter what. He should be working on fixing the economy instead of trying to force something on the American people that we don’t want.

      Is this guy for real? He is one arrogant fool.

    2. brie. on February 25th, 2010 11:04 am

      Watching the live video on the health care summit…You could see, when suggestions were made, Obama got restless in his seat….Reid’s nose looks like the ski slop at the Olympics…

    3. Buster on February 25th, 2010 3:39 pm

      Because he is Nuckin Futs !!!

    4. Maggie on February 25th, 2010 6:40 pm

      It’s gonna get higher here this weekend if the contract don’t pass in the town by me..for the auto parts plant.. Last one didn’t pass and this is their last chance this sunday. If it don’t pass, the place closes.

    5. Greg the mongoose on February 25th, 2010 7:38 pm

      I got pan handle so many times today! Bus loads of Pan handlers. I bought a senior citizen breakfast today. Our government has taken ten dollars a month from her social security to pay for medicare.

      I know seven people out of work.
      This is the great depression II. Its getting worse.

    6. I am unemployed and recieving benefits on February 26th, 2010 2:16 pm

      I cannot find a job! I have been unemployed for a year and a half!
      I am on my third extension what will happen after the fourth runs out!
      Is he gonna leave us hanging or is he going to do more extensions. There are no jobs and more and more people are getting unemployed. I am getting worried like everyone on this meager amount of unemployment.
      No jobs now what?????
      what will happen to all unemployed will it be like the great depression will there be soup lines. Its so unsettling. I am begining to see his arrogance (obama)


    7. unemployed on February 26th, 2010 2:19 pm

      I am on my third unemployment extension what will happen to many of us when we complete the fourth one. Not enough jobs! will obama sign more extensions.
      Or is their going to be major catastrophe and picketing over this?

    8. unemployed on February 26th, 2010 2:24 pm

      I agree about the panhandlers. Everywhere I go I see them outside of businesses. I even have seen them bold enough at fast food drive throughs. Its terrible! I hope we can survive this mess were in. Right now it doesnt look to promising for any of us not working.

    9. unemployed on February 26th, 2010 2:26 pm

      we do need health care but right now the priority is helping those displaced from their jobs, loosing their homes, cars everything they worked so hard for. I feel for those with families to support. Its bad enough as it is without having to see your kids suffer along with you.

    10. St Stephen on February 26th, 2010 6:00 pm

      #6 and #7-

      We have a problem when the score is Wall Street 800 billion – Main Street 15 billion.

      Which side is he really on?

      How is it laissez-faire capitalism when we shell out those billions so the suits can get their obscene bonuses as well as get moving fees that we pay for when they switch operations to another country that takes away jobs here?

      We nee3d to entice businesses to build here so we can get this country working again.

      Is there light at the end of the tunnel? I say yes, but it looks like that light is in 2012 when we elect someone that knows the job needed at hand.

    11. St Stephen on February 26th, 2010 7:30 pm

      #6 & #7

      …looks like Sen Jim Bunning wants to get your collective a**es out in the street and look for work. I wonder if panhandling is against the law in Kentucky.

      He doesn’t seem sympathize with your plight, either.

      If he thinks that this will get people to see the harm that President Obama is doing here, he is missing the seriousness of this situation. But I guess everyone wants their 15 minutes of fame.

      best of luck to you guys, I do hope that you get a job or win the lottery, because both parties here are clueless as to what to do. We need conservative thought, not brainless grandstanding on both sides.

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