Weekly Jobless Claims Up 382,000, Analysts Expcted 370,000 … This is Hardly the Right Direction

OBAMANOMICS IS NOT WORKING!!! IN FACT ITS AN EPIC FAIL.

The Weekly Jobless Claims rise to 382,000 … up from last week and more than the analysts expected of 372,000.  The US is hardly headed in the right direction. For those who think that Obama is going to create jobs or create an environment that is conclusive for businesses to create them are delusional.

The number of Americans filing new claims for jobless benefits rose more than expected last week, with several states reporting an increase related to Tropical Storm Isaac.

In a separate report, a sharp rise in gasoline costs drove up wholesale prices last month by the most in more than three years. But outside energy and food, price gains were mild.

Initial claims for state unemployment benefits rose 15,000 to a seasonally adjusted 382,000, the highest in two months, the Labor Department said on Thursday. The prior week’s figure was revised up to show 2,000 more applications than previously reported.

Economists polled by Reuters had forecast claims rising to 370,000 last week.

Producer Price Index Also Higher

The Labor Department says that the producer price index, which measures price changes before they reach the consumer, jumped 1.7 percent in August

WAKE UP AMERICA, BEFORE ITS TOO LATE.

Now Obama is an EPIC FAIL on the domestic and foreign policy.