Jobless Claims Over 400k For Second Week

November 21, 2012 6:33 pm  

(Breitbart) – According to the Bureau of Labor Statistic, for the second week in a row, over 400,000 new jobless claims were filed across the country. Last week the number was 451k, this week it’s 410k, and as we saw last week, most of the blame is falling on Hurricane Sandy.

Last week the Hurricane Sandy excuse made little sense as most of the new jobless claims came from Ohio and Pennsylvania due to layoffs in the manufacturing, construction, and auto industries. Had these layoffs been due to the hurricane, why weren’t there more layoffs in those same states and industries this week? Furthermore, these states weren’t hit anywhere near as hard as the two states that saw the biggest increase in jobless claims this week: New Jersey and New York.

Coming in third was California, which saw an increase of nearly 25k new claims due to layoffs in the service industry due to Hurricane Jerry “Moonbeam” Brown.

Overall, forty states saw an increase in claims.

http://www.breitbart.com/Big-Government/2012/11/21/Jobless-claims-ver-400k-for-second-week

Obama Sets Sights on Private Retirement Accounts
Government to oversee your emails

Top Stories

WIRE: How AMAZON Triggered Robot Arms Race (Bloomberg) - An Amazon warehouse is a flurry of activity. Workers jog around a manmade cavern plopping items into yellow and black crates. Towering...
Economic Turmoil Threatens Clinton (The Hill) - A nine-hundred point drop in the stock market and signs of more economic turbulence to come is a troubling sign for Hillary Clinton, the...
Dow Plunges 260, at Lowest Since Mid-March 'I think you've got some technical damage here' (CNBC) - U.S. stocks closed about 1.5 percent lower or more Monday, extending Friday's post-Brexit ...
British Pound Hits Lowest Level Since 1985 'We're waiting for the big money to crank into action over the coming days' (BBC) - Shares have also been hit. The FTSE 100 index began the day b...
Brexit Shocker Torpedoes U.S. Stocks Dow falls 500 points again with financials weighing (CNBC) - U.S. stocks traded sharply lower Friday in a global risk-off trade after Britain s...
Hillary Clinton Throws Down: Donald Trump ‘Shouldn’t Have His... (Breitbart) - Hillary Clinton sharply criticized Donald Trump during a campaign rally Tuesday, portraying him as an economic liability and untrustwor...

Comments


Please help us stay spam-free. Mouse over a spam post and click the X to report spam.