Unexpectedly? First Time Claims for Unemployment Benefits Rise by 31K

Wow, nothing like some factual job numbers to disprove the Presidents claims that his trillion dollar stimulus plan worked.

The economic numbers are out this morning and they are not good. The number of newly laid-off workers filing applications for unemployment benefits  surged last week to 31,000 after having fallen sharply in the previous week. It was reported as “unexpected”. Unexpected to who? Does any one not really think that there are a wealth of people out there who are unemployed who have not just yet filed? It is just like the unemployment number. You cannot continue to lose jobs every month and have the % decrease.

Any one who thinks that the job hiring situation is getting better in America is sorely mistaken.

The job situation in America is sadly worse than what is being reported. There are far too many people out of work and no real solutions by this Administration to help the environment for business and capitalism to flourish.

The number of newly laid-off workers filing applications for unemployment benefits unexpectedly surged last week after having fallen sharply in the previous week. The gain dampened hopes about how quickly the labor market may improve this year.

The Labor Department said Thursday that first-time claims for unemployment benefits rose by 31,000 to a seasonally adjusted 473,000. Analysts expected a small decline.

The increase followed a drop of 41,000 in the previous week which had raised hopes that the labor market, which has lost 8.4 million jobs since the recession began in December 2007, could be improving.