More Americans applied for unemployment benefits in the latest week as the end of the holiday shopping season meant layoffs for some workers. But 2011 was a record year for retail sales, which rose 7.7 percent, even though the year ended on a weak note.
The Labor Department reported Thursday that seasonally-adjusted initial claims for first-time jobless benefits rose 24,000 to 399,000. It was the highest in six weeks and suggested the labor market remained spotty despite signs of recent growth. The four-week moving average, considered a better indicator of labor market trends because it smooths wrinkles in the data, rose 7,750 to 381,750 from a revised 374,000 the prior week.
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5 comments:
Just what I said would happen after you posted the article about jobless claims being down last week.
Look folks, it doesn't take a genius to figure these things out, just a little COMMON SENSE!
Stop believing everything MSM tells you!
anonymous 10:45, AMEN!
"Let me make myself clear, that for the Government to make jobs this takes time." "I need to be your KING for a long time for this to work."
This is hilarious stuff. I watch these idiots fall for the nonsense coming from the MSM: "The economy is getting better","more jobs created this month than any time since 2003", "consumer confidence rebounds"...and my personal favorite "unemployment down to 8.5%". How long will the idiots out there keep falling for this? Open your eyes people. See whats going on around you! It's an election year for Christ's sake. The MSM is being manipulated like never before. They are mouth pieces for the two major political parties. Keep your eyes on what's important. This preppers stuff that goes on here is valuable information. Some people don't know where to start. The information that they put up that tells the truth about the economy is valuable too. The blogs can't be manipulated by politics. Yet. Pay attention and learn from them while you can. Get the straight information and get ready! Hard times are coming! Watch the stock market fools who believe we are on the way back up. When those in the know bail out, they will take all the wealth with them and those who remain will be left with worthless paper called stock. This is all a scam.
Just a hiccup,or a speed bump if you will.Nothing ever ever contiuously rose or fell without an adjustment.The stock market can't possibly go up every day and unemployment can't possibly go down each and every day.If that were the case,losses and gains would be meaningless.
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