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Surprise! Jobless Claims Up 78,000 Week After Election; PA, OH Worst Hit

The Department of Labor has announced that new jobless claims rose by a staggering 78,000 in the first week after the election, reaching a seasonally-adjusted total of 439,000. Over the past year, and in the weeks leading up to the election, jobless claims were said to be declining, dipping as low as 339,000, with the media proclaiming that they had reached the "lowest level in more than four years." Now, suddenly, the news seems far less rosy.

From the Department of Labor press release this morning:

In the week ending November 10, the advance figure for seasonally adjusted initial claims was 439,000, an increase of 78,000 from the previous week's revised figure of 361,000. The 4-week moving average was 383,750, an increase of 11,750 from the previous week's revised average of 372,000.

Read more: http://www.breitbart.com/Big-Government/2012/11/15/Surprise-...



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HELP WANTED :: The Fed is Hiring :: Apply Today!

Count the still unemployed tomorrow! Apply Now!

Intern with Fed Data... FRED this summer! WANTED! Poster, November 15, 2012

Do you like economics and love working with data? Then follow the link below and join the FRED team in our ongoing mission to distribute data [& paper-money] to the masses.

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Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Wow I thought you were

Wow I thought you were joking.
Wish I could have interned with the FED when I was in school.
Kids these days have all the fun.

Southern Agrarian

You are confused. I'm not a joker. Nor do I wish them upon you.

    "Please do not even divulge the fact that I own a machine. I have entirely stopped using the Type-Writer, for the reason that I never could write a letter with it to anybody without receiving a request by return mail that I would not only describe the machine but state what progress I had made in the use of it, etc., etc. I don't like to write letters, and so I don't want people to know that I own this curiosity-breeding little joker."
    - Letter, 19 March 1875

For jester employment & salary, look here:

    An article in the New York Sun, "Mark Twain At Bible Class," January 29, 1902, p. 2 reported: "Mark sat in the pastor's high-backed chair behind the pulpit and joined in the opening hymn, keeping time with one hand and one foot. He didn't have a brand new speech, so he read his story "Message to the Director General," published recently. He was introduced as jester and philosopher, and replied that he wished he could collect salaries for all the different things he had been called."
    Also reported in The New York Times, January 29, 1902.

If you want to see who is making money, take a look here: ♔ "Money Trail" ♔ International Bank Cartel ♖ Monopoly Boyz Submitted by Mark Twain on Fri, 11/16/2012

I am generally referred to a a humorist. Not really sure if it is so.

For unemployment, just stop looking.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Still reading this tripe? Are you standing in line to not work?

Still looking for "successful unemployment programs throughout history." Failure one & all. They always fail. But I repeat myself.

Always the same reason: If you pay folks to stand in a line not to work, the line always becomes too long.

Here is a US employment chart: Civilian Employment-Population Ratio (EMRATIO) 2012-10: 58.8 Percent. Last 5 Observations. Monthly, Seasonally Adjusted, Updated: 2012-11-02. Saint Louis Fed.

You can make sense out of it. No explanation necessary.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul