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U.S. jobless claims jumped to 386,000 last week--more than 20,000 above expectations--casting the job market in an even worse light. Experts say the low numbers of preceding weeks were likely because of delays in summer layoffs among U.S. manufacturers.
The news comes amidst revelations that President Barack Obama has not met with his Jobs Council in six months. White House spokesman has drawn jeers for his attempt to explain Obama's absence: "The president's obviously got a lot on his plate." Everything except jobs and the economy, it would seem.
Initial claims for state unemployment benefits increased 34,000 to a seasonally adjusted 386,000, the Labor Department said on Thursday. The prior week's figure was revised up to 352,000 from the previously reported 350,000.
Economists polled by Reuters had forecast claims rising to 365,000 last week. The four-week moving average for new claims, a better measure of labor market trends, fell 1,500 to 375,500. ....
Weekly Claims Post Rebound; Jobs Market Still in Doldrums
Originally posted by Doom and Gloom
While we can sit here and blame Obama for all of this, Congress is just as responsible. Especially with the Republicans filibustering the 'Bring Jobs Back to America' bill. Everyone on of them is responsible for the state of this country.
Remove all lobbyists from Washington, apply tariffs to all goods imported to the US, fine every single company that has outsourced their jobs over seas annually.
Originally posted by Doom and Gloom
Remove all lobbyists from Washington, apply tariffs to all goods imported to the US, fine every single company that has outsourced their jobs over seas annually.
Originally posted by Xcathdra
Originally posted by Doom and Gloom
Remove all lobbyists from Washington, apply tariffs to all goods imported to the US, fine every single company that has outsourced their jobs over seas annually.
The plan above has not worked in the last 3 years much to the irritation of Obama..
Try again...
Originally posted by Eurisko2012
Obama has outsourced jobs to Brazil.
Originally posted by Xcathdra
Originally posted by Eurisko2012
Obama has outsourced jobs to Brazil.
Yeah but in order to counter that he stoped enforcing immigration laws....
Originally posted by Xcathdra
reply to post by Eurisko2012
I thought Kenya was the linchpin to his re-election?
The lesson learned, and its a hard one for this President, is that the Government does NOT create jobs. The 4 million jobs he has been flaunting around have come from local / municipal / state governments hiring, not private business.
Small business is the job generator for this country and the more you stand on their necks, the quicker they die off.
Obama has had 4 years to try his experminet out, and to me its very obvious it does not work. Time to fire him and hire another.
Originally posted by Doom and Gloom
While we can sit here and blame Obama for all of this, Congress is just as responsible. Especially with the Republicans filibustering the 'Bring Jobs Back to America' bill. Everyone on of them is responsible for the state of this country.
Remove all lobbyists from Washington, apply tariffs to all goods imported to the US, fine every single company that has outsourced their jobs over seas annually.
Originally posted by Komaratzi11
My husband has been coming home from work with stories of doom and gloom concerning the factory's orders. The factory he works for deals with aluminum products and the last couple of weeks the talk around the place is that orders are being dropped and layoffs may be coming soon.
It's pretty nerve racking as it reminds me a lot of how things were going there in 2008. There was a lot of talking then and in a short period of time, most workers were laid off and the whole plant restructured with a large number of higher paid employees cut loose. We suffered a large pay cut as well, but at least he still had a job there.
This country is far from healthy right now, but our leadership(if you can call it that) doesn't appear to be overly concerned. Our servants have become our masters.