Unemployment Applications Rise by 13,000 as Jobless Benefits Increase to 462K


Hey America, how’s that Obama “hopey, changey” stuff working out for you?

Welcome to the President Barack Hussein Obama job recovery of 2010. First time claims for unemployment aid rose by 13,000 to a seasonally adjusted 462,000. But wait, the Obama economy gets even worse … September home foreclosures top 100,000 for first time. According to RealtyTrac, banks foreclosed on 102,134 properties in September, the first single month above the century mark. I supposed this is George W. Bush’s fault?

Will this also by an Obama “Oops” as he did not realize that his disastrous economic policies of wasted stimulus money and no “shovel ready” jobs would cause sustained unemployment, further job loss and people to lose their homes?

Applications for jobless benefits rose last week for the first time in three weeks, evidence that companies are reluctant to hire in a slow economy.

The Labor Department said Thursday that initial claims for unemployment aid rose by 13,000 to a seasonally adjusted 462,000. It was only the second rise in two months.

In addition, cash-strapped state and local governments are cutting jobs, adding to the ranks of those out of work.

The four-week average of claims, a less volatile measure, rose by 2,250 to 459,000.

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 Up 382,000, Analysts Expcted 370,000 … This is Hardly the Right Direction
  • Weekly Jobless Claims Increased to 427,000 … Welcome to Obama’s Hope & Change Economy

  • Comments

    2 Responses to “Unemployment Applications Rise by 13,000 as Jobless Benefits Increase to 462K”

    1. Hal (GT) on October 14th, 2010 1:35 pm

      The proof is in the pudding and the pudding is ugly and overflowing with fungus. What a stupid mess.

      It’s not going to be improving anytime soon. Throw into the mix the foreclosure mess and deficits won’t be going away anytime soon. It’s also no wonder that gold and silver are taking off.

    2. Its Me on October 15th, 2010 3:20 pm

      Lets not put all the blame of Berry O Bummer or even his wife Mrs O Bimbo. Have you tried hiring anyone to do work for you like painting, yard work or just anything requiring a little labor? Those who do this kind of work dont have time because they are too busy or you have to hire illegals. The reason is there is too much free money and food stamps out there. You really dont need to work to make a living anymore. A lot of people are satisfied with living like pigs as long as they have there cigarets and Beer. I was in a line at Walmart last week and ahead of me was an old guy and his slobby looking daughter who I would guess to about twenty . They had three cases of soda, about six bags of potatoe chips and somthing else plus a bunch of candy bars. Not one thing that was good food. They paid for it with a food stamp card. Oh Yes, She had several Tatoos one was fresh and new. I dont have any Tatoos but I understand they are not cheap. Enough Said.

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