More Americans sought unemployment benefits last week, though the winter holidays likely distorted the data for the second straight week.
The Labor Department said Thursday that weekly applications rose by 10,000 to a seasonally adjusted 372,000 in the week ended Dec. 29. The previous week's total was revised higher.
Many state unemployment offices were closed this week for the New Year's holiday and did not submit complete data for last week. As a result, the department relied on estimates for nine states. Two weeks ago, the department estimated 19 states because of Christmas closings.
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Yes, the great recovery will be delayed now that christmas temp jobs are over.
ReplyDeleteConstruction jobs are up but only because of Hurricane Sandy.
ReplyDeleteNow that obama and the rest of the economic illiterates have approved tax increases it's only going to get worse. It's not ever a good idea to take more money out of the private sector.
People will cut back on services such as lawn care, painting and window washing and do it themselves. This will hurt the local economy.
Gun manufacturing companies should be hiring.
ReplyDelete