Jobless Claims Rise Again - duh!?!
After the exuberance from last weeks job report and conclusions that we had turned the corner, first time jobless claims go up "unexpectedly" by 18,000 to 460,000.
Not sure why it is so unexpected. Nothing has changed in this economy that would suggest that jobs would be created. There's no credit, business is stagnant at best, businesses are looking at what they are going to have to do with the new ObamaCare plan and what that is going to cost, and after promising the HCR would actually help cut the deficit, they are now talking about raising taxes and even floating the idea of a value added tax or national sales tax.
My basic craphouse economic theories question why anyone would want to hire someone in this economic environment? Its going to cost you money you don't have and won't be getting.
Keep going Barry - you'll be emasculated in November.
