New claims for unemployment benefits fell to 391,000 last week from 428,000 the week prior. Economists had expected a smaller drop to 420,000.
From Fox News
Publishers Notes: Anybody buying this crap? I know of several people who's unemployment finally ran OUT but none of them have found jobs.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
HELL how can it fall farther..WHOSE working now to get laid off and if u r laid off , most likely you ran out of unemployment by now..GIVE REAL NUMBER ABOUT UNEMPLOYMENT..Oh no we can' t do that it would hurt the stock market and take oil down to lower levels..
ReplyDeleteMr. Albero let me give you some inside information. Unemployment is not going down. Think about it like this. If you were in a room of 1000 people and 600 of them left today, what is the maximum number that could leave tomorrow? 400. 400 is less than the number that left the day before. The number of unemployed applying for benefits for the first time is less becaus there are fewer people in the workforce. But we can manipulate those numbers to look like a positive economic shift. The benefits expiring on the unemployed daily are in the thousands. Thousands and thousands more people everyday finding themselves with no jobs and no unemployment benefits. Then consider 400,000 people every week making new claims. The government is paying close attention to the fall in monthly revenue paid to the treasury by employers. They are very alarmed. The loss of tax revenue results in the need to borrow more money faster as the amount of revenue available to run the day to day operations of the government diminishes rapidly. Daily, more hungry mouths are born to people who cannot afford to feed them. The ability of the government to feed them dwindles and we find ourselves in a position not unlike that of third world nations such as Somalia. The government I work for is preparing for violence and famine on a level not seen in recent history and they are closely watching those who vocally oppose the government. You would be wise to keep a timeline of financial events going back as far as 6 months. You will see a picture emerge of world markets being steered by the wealthy elite such as the Federal Reserve Bank, The World Bank, The International Monetary Fund, as they attempt to gather more and more wealth. When the world economy collapses it will start with the weakest countries first. We will fall before China. China is currently buying up the infrastructure of small nations in South America and smaller little known nations in and around the former Soviet Union. They are financially stronger than most know. The future isn't bright for us. Not many have your insight. Tell you readers to hold on to their money and not to buy into the current attempts to make things look as thought they are getting better. They are not. They are worse.
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