USA Africa Dialogue Series - Re: [Leonenet] Jobless Claims Over 400k For Second Week

Indeed, Most Honorable and Revered Citizen Rev. SmF, you are right on the proverbial money. But as Public Choice theorists know so well, even those of us who did not vote for them will get the 'public bads.' It also helps to explain why the majority of white voters decided to go fishing on election day.

Learned Professor,

 

If there is any good side to these jobless claims it is that they are coming from states which handed the election over to Obama.  They also affect the people who overwhelmingly voted for the president - union households, young college grads, single women and racial minorities.  As I have said before, in a democracy (-crazy). people deserve the government they elect.  Wish them well.

 

SmF

On Wed, Nov 21, 2012 at 10:10 AM, Abdul Karim Bangura <theai@earthlink.net> wrote:

And they denied that they cooked the jobless reports the last two months of the eelction!

Jobless Claims Over 400k For Second Week

by John Nolte 21 Nov 2012, 6:22 AM PDT 41 post a comment

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.

 Follow  John Nolte on Twitter @NolteNC