Applications for jobless benefits dip #BlameObama

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jobless benefits unemployment down

Darn that Fox Biz, reporting more good news to us again and again! Who do they think they are, MSNBC? Today's upbeat report will ruffle a few GOP feathers, but what else is new? Maybe Darrell Issa can hold hearings and try to impeach the president for being complicit in achieving lower unemployment numbers. Once again, first-time jobless benefits fell, like it or not, Impeachateers. Via an email alert:

The number of Americans filing for first-time jobless benefits fell to 312,000 last week from an upwardly revised 314,000 the week prior. Wall Street expected claims to fall to 310,000 from an initially reported 312,000.

The Detroit Free Press has more, including that business "are hiring at a healthy pace." Please link over for more, but here's a taste:

The number of Americans seeking unemployment benefits declined last week, the latest evidence that a sharp economic slowdown earlier this year hasn’t caused employers to cut jobs. [...]

Applications are a proxy for layoffs, so the declines indicate that companies are cutting fewer jobs. [...] When businesses are confident enough to keep staff, they are also likely to hire more people.

The low level of applications indicates employers haven’t been rattled by the first quarter’s dismal showing, which many economists have partly blamed on bad weather. If businesses feared the economy was tumbling into a recession, they would likely ramp up layoffs.

Okay everyone, all together now:

blame obama Bush's fault smaller

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  • http://billsandiego.blogspot.com Bill H

    Yes, lets all celebreate seven tenths of one percent. We are getting pretty desperate if all we can find to cheer about is an improvement of less than 1%.