RSSThe Obama Job Recovery: Initial Unemployment Benefits Claims Rose 27,000 to 412,000,
New unemployment benefit claims are back over 400,000. Oh the wonders of the Barack Obama job revovery plan. But of course these jobless claims come as a surprise. Really? Have these folks taken a good look at the real sitution with John Q. Public? This president is truly incompetent on the economy.
New claims for unemployment benefits unexpectedly rose last week, bouncing back above the key 400,000 level, while core producer prices clumbed faster than expected in March, government reports showed on Thursday.
Initial claims for state unemployment benefits rose 27,000 to a seasonally adjusted 412,000, the Labor Department said.
Wait, the Obama economy has more great news:
- Only 45.4% of Americans had jobs in 2010, the lowest rate since 1983
The share of the population that is working fell to its lowest level last year since women started entering the workforce in large numbers three decades ago, a USA TODAY analysis finds.
Only 45.4% of Americans had jobs in 2010, the lowest rate since 1983 and down from a peak of 49.3% in 2000. Last year, just 66.8% of men had jobs, the lowest on record.
- Obama Misery Index hits a record high
- US Now Has Largest Percent Deficit to GDP of Any Developed Economy
- Obama GDP Slides to 1.5% in 1st Quarter of 2011 … US Budget Deficit Shot Up 15% So Far This Year
Posted April 14, 2011 by Scared Monkeys Barack Obama, Economy, Jobs, Obamanation, Obamanomics, Unemployment | 3 comments |
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3 Responses to “The Obama Job Recovery: Initial Unemployment Benefits Claims Rose 27,000 to 412,000,”
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[...] having to defend Obamacare and the flip-flops of his 2008 campaign promises. Today’s initial unemployment claims are hardly a good sign for a President who will be held accountable in 2012 for the economy and the [...]
Well, I would not say that the benefits rose “unexpectedly” since there is still no action plan proposed by the government to create more jobs. Lets take GOP, all they do is mass layoff. The US needs to come up with a new strategy to give the people what they need – jobs.
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SM: “Lets take GOP, all they do is mass layoff.”
What? Yup, that’s it that’s all the GOP does is mass layoffs. You really do not beleive that, do you? One certainly should never do tax increases in a recession. That will destroy job, not create them.