Thursday, April 8, 2010

Disaster Continues… Obama Economy Loses More Jobs

It’s the Economy Stupid…

The number of initial jobless claims rose “unexpectedly” again this week.
The AP reported, via Drudge:

The number of newly laid-off workers seeking unemployment benefits rose last week, a sign that jobs remain scarce even as the economy recovers.

The Labor Department said Thursday that first-time claims increased by 18,000 in the week ending April 3, to a seasonally adjusted 460,000. That’s worse than economists’ estimates of a drop to 435,000, according to a survey by Thomson Reuters.

The report covers the week that includes the Easter holiday, and a Labor Department analyst said seasonal adjustment for Easter can be difficult since the holiday occurs in different weeks each year.