Jobs picture dims as unemployment claims rise

Jobs picture dims as unemployment claims rise

WASHINGTON (AP) – The employment picture is looking bleaker as applications for jobless benefits rose last week to the highest level in almost six months.

It’s a sign that hiring is weak and employers are still cutting their staffs.

First-time claims for jobless benefits edged up by 2,000 to a seasonally adjusted 484,000, the Labor Department said Thursday. Analysts had expected a drop. That’s the highest total since February.

Initial claims have now risen in three of the last four weeks and are close to their high point for the year of 490,000, reached in late January. The four-week average, which smooths volatility, soared by 14,250 to 473,500, also the highest since late February.

Full Story Here:
Jobs picture dims as unemployment claims rise

Unemployment is climbing? Seriously?

Of course it’s climbing, and the Fed knew it was going to climb! Many political and financial writers and bloggers have said so for quite some time now.

The Census put a lot of unemployed folks back to work, folks that needed jobs, folks that wanted jobs, folks that were drawing unemployment benefits, or had exhausted their benefits and were in a desperate situation.

When unemployment numbers dropped recently, 1st time claims that is, the Obama regime was singing it’s own praises, telling Americans that the worst was over and that The Obamessiah had saved America from the evil GOP and the TEA Party people.

Obama himself touted the signs of recovery. New unemployment numbers were down, the DOW was up, NASDAQ was up, Standards and Poors was up, and then, BOOM, they were down.

But it was all the fault of George W. Bush, so says The Obamessiah!

George W. Bush hasn’t been POTUS for over 1 1/2 years, the GOP hasn’t had control of Congress or the Senate for over 3 1/2 years, but ALL of the ills this nation suffers are the fault of Bush, Dick Cheney and Halliburton, because everyone on the LEFT knows, with ALL certainty, Cheney and Halliburton run America from a secret underground bunker in some mountain out west somewhere. Somewhere…

Now we get this, most likely ordered by the evil Cheney… 😈

Stocks fall after Cisco earnings, jobless data

NEW YORK (AP) – Stocks fell for a third day Thursday as more disappointing earnings and economic news flowed in.

Trading was quiet after the previous day’s big drop. The Dow Jones industrial average, down more than 100 points in the first few minutes of Thursday’s trading, recovered to a loss of about 55. But analysts, noting that the market has entered the dog days of summer, weren’t attaching much significance to the partial comeback.

Stocks fell after the Labor Department reported that the number of people filing for unemployment benefits for the first time rose last week to 484,000. The gain was small at 2,000, but economists had expected the number to drop. The news pointed to continuing weakness in the labor market, yet another sign that the economic recovery is weakening.

The latest earnings reports added to the market’s darkening view of the economy. Cisco Systems Inc.’s revenue from its latest quarter and its forecast for future revenue both fell short of analysts’ expectations. The company’s stock fell about 10 percent and other tech stocks also fell.

Full Story Here:
Stocks fall after Cisco earnings, jobless data

I can’t wait to hear how Obama and Company spin the numbers in another effort to place blame for this on Bush, or try to tell America that this is an inherited dilemma, not one created BY the Dems and Obama, not one exacerbated BY the Dems and Obama.

Out of curiosity, just WHEN does this become Obama’s debacle? When does HE step forward and take part of the BLAME for the state of this nation?

Yeah, I know… Not in THIS lifetime… 😕

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15 Responses to Jobs picture dims as unemployment claims rise

  1. James Shott says:

    DAMN THAT GEORGE BUSH ! ! ! !

    The worst thing that ever happened to the US of A!

    He’s still screwing things up, and he’s been out of office nearly 17 months!!

  2. Kate says:

    Obama reminds me very much of my irresponsible 18 year old granddaughter. Never accepts responsibility for her actions, and it’s ALWAYS somebody else’s fault! Pretty bad when the supposed POTUS is just as bad, if not worse than a screwed up teenage girl!

  3. The BoBo says:

    Looks like we’re in the same groove today! 🙂

    Besides – you know darned tootin’ well this is all Bush’s fault. His failed policies during his 8 years where this country prospered, unemployment was low, personal incomes were high, revenues to the government hit record highs – it was all his fault that the Dems came in and started tanking everything in 2007.

  4. TexasFred says:

    BoBo — Isn’t it simply amazing how once the Dems took control of the Congress and Senate, the economy was suddenly in the tank?

    Had to be purely a coincidence… Right?? 😕

  5. mrchuck says:

    Can someone please help me understand why black culture is so pathetic and must rely on whitey to survive??

    Here you go..

    ”Education, sir, is the development of that which is. Since the dawn of history the Negro has owned the continent of Africa–rich beyond the dream of poet’s fancy, crunching acres of diamonds beneath his bare black feet. Yet he never picked one up from the dust until a White man showed to him it’s glittering light.

    His land swarmed with powerful and docile animals, yet he never dreamed a harness, cart, or sled. A hunter by necessity, he never made an axe, spear, or arrowhead worth preserving beyond the moment of its use.
    He lived as an ox, content to graze for an hour. In a land of stone and timber, yet he never sawed a foot of lumber, carved a block, or built a house save of broken sticks and mud.

    With league on league of ocean strand and miles of inland seas, for four thousand years he watched their surface ripple under the wind, heard the thunder of the surf on his beach, the howl of the storm over his head, gazed on the dim blue horizon calling him to worlds that lie beyond, and yet he never dreamed a sail!” -Thomas Dixon

    The negro is what he is, what he was created to be!

    Accept it white men, and conduct yourselves accordingly.

    This is why those Atlanta, GA housing riots took place yesterday.

    Be ready and prepared for the coming race riots, very soon!!!!

  6. TexasFred says:

    I rarely edit or delete comments, and for certain, the comment above will be deemed as *racist* by some, but that is their problem…

    Mr. Chuck has stated HIS opinion and a quote from Thomas Dixon, I have seen that quote many times over the last few years and I see nothing wrong with allowing it to stand as well…

    No one has a right to remain unoffended… So, to the overly sensitive PC wusses that are sending me emails telling me that Mr. Chuck is a RACIST, I suggest that you study some REAL history, not the tripe that’s served up in public schools, and then get over yourselves…

    It’s truly amazing how many people think FREE SPEECH is theirs and theirs alone…

    Just like some here locally…

  7. daddontsk8 says:

    10.6% Unemployment by the end of October.

    An official 10.6% unemployment rate is really equal to 25%+ underemployment.

    Are you ready for that?

  8. TexasFred says:

    daddontsk8 — 10.6% translates into a GOP landslide in MY not so humble opinion…

  9. minuteman26 says:

    Heard the SS Admin is going to send out $250.00 bonus checks again this year. Was contemplateing sending it back, but in retrospect decided to keep the cash and buy ammo.

  10. Steve Dennis says:

    It already is Obama’s debacle, nobody is seriously buying the blame Bush excuse anymore, are they? Obama has implemented policies that were supposed to save the economy, yet the economy continues to worsten, he owns this!

  11. Vigilante says:

    Mr. Dennis
    “Obama has implemented policies that were supposed to save the economy, yet the economy continues to worsten”

    Just what are those policies? Are you referring to the “vacation and travel” industry? That’s about the only thing this muslim turd has done to spur the economy with the vacations and golfing that him and his old lady have been enjoying at OUR expense. He don’t give a rats ass about how many people are unemployed, he’s a narcissist and as long as he’s in the limelight he worrys about nothing else. The gulf oil
    spill showed what he was really like. The only ass that needed kicked was HIS worthless skinny muslim ass. November can’t come quick enough and then the impeachment proceedings to follow shortly.

  12. Vigilante,

    Impeachment?? Try TREASON! I can think of at least 12 prosecutable offenses just in the first year!!! as for jobless claims I am “underemployed” right now so I don’t count.

    W.A.

  13. skeeter says:

    I am sure that everyone that comments here have read the testomonies of quite a few people that worked in all those tens of thousands of TEMP jobs created by the census bureau. Hundreds of testimonies from people who were hired and trained and then fired and hired and trained again over and over in order the hirings could all be counted as new jobs created. Truely, this is Obama’s economy, his alone.

    The money Obama’s wife spent going to Spain would have put quite a lot of food on a lot of the unemployed “poor folk’s” table in south side Chicago. Hopefully they will remember that in November. Most likely though they will still vote against GW Bush.

    mrchuck: it has been asked, “Could the Industial Revolution have occurred in Africa”?

  14. Malinda777 says:

    BHO and his lib posse continue to LIE to us! LIE, LIE, LIE! Nevada – while not a “border” state so to speak – we’re SO DAMN CLOSE – we’re overridden with illegals.

    MSM continues to spout that unemployment is at 9.whatever %. In Nevada – it’s 14.2 percent – that is legitimate numbers. That doesn’t take into consideration the “ones” no longer looking – those “99ers” that have been on unemployment for 2 years!

    Harry Reid is a douche bag – and while from California – where he cannot vote AGAINST Harry in Nov…this article was PRICELESS from a Hispanic! Ruben Navarrette, Jr. of the Fresno Bee.

    Harry Reid no friend to Hispanics

    Our commercial real estate is over 30% empty. Our home values are in the tank. Harry Reid – OUR SENATOR recently went down on 4th St. where all the whores hang out – the drug dealers – and onto Wells Ave. where all the Hispanics own businesses – and bless his little pea picking heart – he bought a cowboy hat from a Mexican business owner that has a criminal past! SERIOUS Criminal past…

    Good for him – and his bad sperm son Rory is running for Gov. in NV – and won’t even put his last name on his ads. Simply “Rory 2010”. I support (because I live in a State where it’s viable) – immigration reform. I’d like the strawberry pickers, and “those that will do jobs NO ONE else will supposedly do” be able to sign the guest list – get a seasonal job – THEN GO THE F HOME!

    I have no problem with immigrants- have no problem with honest law abiding guest workers – that would be easy.

    Just glad to see an actual Mexican even in Fresno, CA – speak his mind about our disgusting Harry Reid.

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