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