Jobless Claims Cast a Pall Over Job Market - ABC NewsThe number of workers filing new applications for unemployment insurance unexpectedly rose last week for the first time since early April, suggesting the labor market recovery has hit a stumbling block.
Initial claims for state unemployment benefits increased 25,000 to a seasonally adjusted 471,000 in the week ended May 15, the highest level since the week ended April 10, the Labor Department said on Thursday.
The surprise jump took a toll on U.S. financial markets, already reeling on concerns Europe's debt crisis could put a damper on the U.S. economic recovery.
Jobless Claims Cast a Pall Over Job Market
Jobless Claims Cast a Pall Over Job Market - ABC News
It looks like the unemployment rate wants to remain high for a while longer. The surge in jobless claims is an unexpected turn that's bad news for the economy. While we're in a period of recovery, it's going to be very rocky ride back. Bad news for those wanting things to turn around before November.
It looks like we'll be heading into psychologically-significant double-digit unemployment.I guess the folks praising the reduction a few weeks ago jumped the gun.
It looks like we'll be heading into psychologically-significant double-digit unemployment.
It's you.Is it just me or does a certain demographic seem to almost root for a bad economy?
It's you.
An index meant to gauge the future strength of the U.S. economy fell slightly in April, marking its first decline in more than a year, a private industry group said on Thursday.
The Conference Board said its index of U.S. leading economic indicators slipped 0.1 percent last month, surprising analysts who had been looking for a 0.2 percent gain.
This is costing me money. I'm hardly "gleeful."Are you sure? Every time a thread about poor economic signs comes up, there's a particular group of people with a common trait who pop up in each of them. They typically seem almost gleeful at the prospect of a slow economic recovery.
Just like a certain demographic rooted for heavy US casualties in Iraq.Is it just me or does a certain demographic seem to almost root for a bad economy?
Deuce said:Are you sure? Every time a thread about poor economic signs comes up, there's a particular group of people with a common trait who pop up in each of them. They typically seem almost gleeful at the prospect of a slow economic recovery.
If, hypothetically, there are posters out there who find themselves pleased with such a news story for some reason, they should probably do a self-analysis as to why, and maybe consider what their attitude says about their priorities.
Are you sure? Every time a thread about poor economic signs comes up, there's a particular group of people with a common trait who pop up in each of them. They typically seem almost gleeful at the prospect of a slow economic recovery.
If, hypothetically, there are posters out there who find themselves pleased with such a news story for some reason, they should probably do a self-analysis as to why, and maybe consider what their attitude says about their priorities.
Hmm. Sounds like 2002-2003-2004 all over again.Not only that....its the same folk that are trying to convince people that the economy isn't recovering despite every economic indicator that it is.
From the OP:its the same folk that are trying to convince people that the economy isn't recovering
Hmm. Sounds like 2002-2003-2004 all over again.
:roflIn what way?
The economy was beginning to decline. That was the beginning of GWB's recession.
Not only that....its the same folk that are trying to convince people that the economy isn't recovering despite every economic indicator that it is.
The right-wing is desperate to try to keep things looking bad because it is their only hope in November. :doh
If you don't have a job, and can't get one, then there's no need for an economic indicator.
And November, I'm sorry to tell you, is already in the bag for Republicans. The Dems are going to take huge hits, including a lot of people who've been running your party for a long, long time.
But why is that a good thing? Republicans are no better then democrats at governance. They're both as money grabbing, lying cheats as eachother. So you can vote in one party that will screw you over, and another party that will screw you over.
Show us one person here who said a bad economy is a good thing.
Go on.
Are you sure? Every time a thread about poor economic signs comes up, there's a particular group of people with a common trait who pop up in each of them. They typically seem almost gleeful at the prospect of a slow economic recovery.
If, hypothetically, there are posters out there who find themselves pleased with such a news story for some reason, they should probably do a self-analysis as to why, and maybe consider what their attitude says about their priorities.
If you don't have a job, and can't get one, then there's no need for an economic indicator.
And November, I'm sorry to tell you, is already in the bag for Republicans. The Dems are going to take huge hits, including a lot of people who've been running your party for a long, long time.
Not only that....its the same folk that are trying to convince people that the economy isn't recovering despite every economic indicator that it is.
The right-wing is desperate to try to keep things looking bad because it is their only hope in November. :doh
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