RSSU.S. Weekly Jobless Claims up 78,000 to 439,000 in First Report Following Presidential Election
If you can no longer blame George W. Bush … blame Sandy. WHAT A JOKE, AMERICA, ARE YOU LAUGHING BECAUSE OBAMA IS.
The first weekly first time filing for unemployment report has been issued following the 2012 Presidential election and surprise, surprise, surprise … weekly jobless claims are up 78,000 to 439,000. Of course this is all due to Hurricane Sandy and nothing to do with Barack Obama winning reelection. A president whose only remedy to fix the economy is taxing the rich. P.T Barnum was correct, there is a sucker born every minute and unfortunately they voted in the 2012 Presidential election. 375,000 claims was expected and that was with experts considering Hurricane Sandy. So where did all these unexpected unemployment claims come from? Of course the fact that this is the first report since the Presidential election has nothing to do with such an increase in claims. Because the Obama administration would never hold back information from the American people, ah BENGHAZI.
Obama is laughing at you America … they bought it, BAH, HA, HA, HA
The Labor Department said applications increased by 78,000 because a large number of applications were filed in states damaged by the storm. People can claim unemployment benefits if their workplaces close and they don’t get paid.
The storm may distort claims for another two weeks, the department has said.
The four-week average of applications, a less volatile number, increased to 383,750.
Before the storm, applications fluctuated between 360,000 and 390,000 this year. At the same time, employers added an average of nearly 157,000 jobs a month. That’s barely enough to lower the unemployment rate, which was 7.9 percent in October.
Meanwhile, rising food costs and higher rents offset a drop in gas prices last month, leaving consumer prices only slightly higher in October compared with the previous month.
Was Hurricane Sandy part of the reason why there was a huge increase in jobless claims, yes. Was it all of the reason, not on your life. All of the experts were way off and that was considering the effects of Sandy. It is just a coincidence that this spike occurred after the election. Maybe the Obama defenders would like to explain how Sandy is then also responsible for the Stock market losing over 700 points since his reelection and 4%. Hmm? I guess you can fool most of the people all of the time.
Posted November 15, 2012 by Scared Monkeys 2012 Elections, Barack Obama, Economy, Epic Fail, Jobs, Recession, Stock Market, The Dodger in Chief, The Lying King, Transparency, Unemployment | one comment |
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It’s going to be more like 40% very soon. Obameecare is the end of our economy as we know it, and the investor class saw it coming. They put up billions to try to stop it.
Now the smart people are getting out while the getting is good. The makers are going Galt. The takers are the only one who will be left.
Look at Spain today: 25% unemployment, 50% youth unemployment. If we calculated numbers the way Spain does, we’d be right there with them.
Only bread and circuses keep the riots at bay. The Fed is out of ammo. Massive hyperinflation is assured. The only question is when the collapse comes.