The Obama Job Recovery Plan … New Jobless Claims Rise to 484K, Second Straight Week, Reach Highest Level Since February

Jobless Claims Rise to 484,000 First-Time Claims …

How is that Barack Obama job recovery plan working out for you America? Are you going to believe what comes out of Obama’s moth regarding job recovery or the facts and numbers in front of your lying eyes?

Jobless claims rise unexpectedly for second straight week.

The number of newly laid off people signing up for unemployment benefits rose sharply for the second straight week, suggesting that jobs are still hard to come by even as the economic recovery gains traction.

The Labor Department reported Thursday that first-time requests for jobless benefits rose by 24,000 last week to a seasonally adjusted 484,000, the highest level since late February. Economists were predicting claims would fall.

It marked the second week that claims took an unexpected leap. In the prior week, claims rose by 18,000 to 460,000.

Hey America how is that Obama “Hopey, Changey” thing working out for you?

Great, tax day and bad job news. Thank you President Obama.

Job market weakness lingers

But there was still plenty of slack in the labor market. Initial claims for state unemployment benefits rose 24,000 to a seasonally adjusted 484,000 last week. A Labor Department official attributed the spike to a backlog in applications from the Easter holiday and saw no unusual economic factors.