The number of Americans filing for jobless benefits rose slightly in the latest week, indicating a labor market that remains in the doldrums. The rate jumped from 8.1 to 8.2
The Labor Department reported that new claims rose a seasonally-adjusted 4,000 to 367,000, while the four-week moving average, considered a more accurate gauge of labor market conditions, was flat at 375,000.
The data came a day after President Barack Obama and former Massachusetts Gov. Mitt Romney squared off in their first debate, which focused mostly on the economy, and a day before the crucial monthly employment report from the government.
The level of jobless claims in the latest week indicates only modest hiring, far below the levels needed to put a dent in the 8.1 percent unemployment rate.
This will become the norm if obama remains in the White House…
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EXCELLENT! Way to go OhBomba!!
But seriously now. We all have to chip in and help un-employment RISE for the next 33 days. DON’T BUY ANYTHING unless you absolutely have to. We need the Stock market to drop massively from now till the election.
Everybody has to do their part. Layoff all your employees (and hire part time for cash under the table) just for 33 days! Put off all business purchases. Please do your part to DESTROY what little is left of the Obama Regime and its depressing economy.
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